Navigation Group LLC Takes $1.16 Million Position in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Navigation Group LLC acquired a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 24,059 shares of the company’s stock, valued at approximately $1,163,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Morgan Stanley raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 155.9% during the fourth quarter. Morgan Stanley now owns 13,747,260 shares of the company’s stock valued at $644,197,000 after purchasing an additional 8,375,030 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 128.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock worth $111,383,000 after purchasing an additional 1,470,388 shares in the last quarter. LPL Financial LLC increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.3% during the 4th quarter. LPL Financial LLC now owns 26,990,277 shares of the company’s stock valued at $1,264,764,000 after purchasing an additional 1,362,095 shares during the last quarter. Morningstar Investment Management LLC increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 310.1% during the 3rd quarter. Morningstar Investment Management LLC now owns 994,157 shares of the company’s stock valued at $46,049,000 after purchasing an additional 751,719 shares during the last quarter. Finally, Betterment LLC increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the 4th quarter. Betterment LLC now owns 18,757,519 shares of the company’s stock valued at $878,977,000 after purchasing an additional 614,934 shares during the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Trading Up 0.6%

Shares of NYSEARCA SPSM opened at $56.84 on Thursday. The stock’s 50-day moving average is $54.94 and its 200 day moving average is $51.72. The stock has a market cap of $17.06 billion, a price-to-earnings ratio of 17.02 and a beta of 1.01. SPDR Portfolio S&P 600 Small Cap ETF has a 1-year low of $41.76 and a 1-year high of $58.06.

SPDR Portfolio S&P 600 Small Cap ETF Profile

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.