Merit Financial Group LLC Decreases Holdings in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Merit Financial Group LLC reduced its position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 357,716 shares of the company’s stock after selling 44,615 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $16,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the second quarter. First Trust Advisors LP now owns 6,653 shares of the company’s stock worth $283,000 after acquiring an additional 220 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 0.6% in the 3rd quarter. Perigon Wealth Management LLC now owns 42,094 shares of the company’s stock worth $1,950,000 after purchasing an additional 244 shares in the last quarter. Independent Wealth Network Inc. grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 3.0% during the 2nd quarter. Independent Wealth Network Inc. now owns 8,561 shares of the company’s stock worth $365,000 after purchasing an additional 248 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in SPDR Portfolio S&P 600 Small Cap ETF by 1.6% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 17,143 shares of the company’s stock valued at $730,000 after purchasing an additional 273 shares in the last quarter. Finally, Mascagni Wealth Management Inc. raised its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.9% in the third quarter. Mascagni Wealth Management Inc. now owns 5,577 shares of the company’s stock worth $258,000 after buying an additional 311 shares during the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of SPSM opened at $47.44 on Wednesday. The company’s fifty day moving average price is $46.80 and its 200-day moving average price is $45.46. SPDR Portfolio S&P 600 Small Cap ETF has a 1-year low of $34.79 and a 1-year high of $49.02. The firm has a market capitalization of $12.98 billion, a PE ratio of 17.02 and a beta of 1.08.

About SPDR Portfolio S&P 600 Small Cap ETF

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that is based on the S&P Small Cap 600 index, a market-cap-weighted index of US small-cap stocks selected by the S&P Committee. SPSM was launched on Jul 8, 2013 and is managed by State Street.