SPDR Portfolio S&P 600 Small Cap ETF $SPSM Shares Bought by Cornerstone Advisors Asset Management LLC
by Renee Jackson · The Cerbat GemCornerstone Advisors Asset Management LLC increased its stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM – Free Report) by 27.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 465,415 shares of the company’s stock after acquiring an additional 99,008 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF accounts for approximately 3.5% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 8th largest position. Cornerstone Advisors Asset Management LLC owned approximately 0.15% of SPDR Portfolio S&P 600 Small Cap ETF worth $26,840,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Morgan Stanley boosted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 155.9% during the 4th quarter. Morgan Stanley now owns 13,747,260 shares of the company’s stock worth $644,197,000 after purchasing an additional 8,375,030 shares in the last quarter. Raymond James Financial Inc. increased its stake in SPDR Portfolio S&P 600 Small Cap ETF by 128.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock valued at $111,383,000 after purchasing an additional 1,470,388 shares in the last quarter. LPL Financial LLC raised its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 5.3% during the fourth quarter. LPL Financial LLC now owns 26,990,277 shares of the company’s stock worth $1,264,764,000 after buying an additional 1,362,095 shares during the last quarter. Morningstar Investment Management LLC grew its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 310.1% during the third quarter. Morningstar Investment Management LLC now owns 994,157 shares of the company’s stock valued at $46,049,000 after buying an additional 751,719 shares during the last quarter. Finally, Betterment LLC raised its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% in the 4th quarter. Betterment LLC now owns 18,757,519 shares of the company’s stock worth $878,977,000 after acquiring an additional 614,934 shares during the last quarter.
SPDR Portfolio S&P 600 Small Cap ETF Stock Up 0.4%
Shares of SPDR Portfolio S&P 600 Small Cap ETF stock opened at $56.51 on Friday. The company has a market cap of $16.97 billion, a PE ratio of 17.02 and a beta of 1.01. SPDR Portfolio S&P 600 Small Cap ETF has a 52 week low of $43.66 and a 52 week high of $58.60. The business has a 50 day moving average price of $57.00 and a 200-day moving average price of $53.65.
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.
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