Betterment LLC Increases Stake in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Betterment LLC boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,142,585 shares of the company’s stock after buying an additional 525,892 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF accounts for 1.7% of Betterment LLC’s investment portfolio, making the stock its 12th largest position. Betterment LLC owned approximately 6.63% of SPDR Portfolio S&P 600 Small Cap ETF worth $840,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vise Technologies Inc. purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the second quarter worth $741,000. PNC Financial Services Group Inc. boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 6.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,908,244 shares of the company’s stock valued at $81,291,000 after purchasing an additional 108,624 shares during the period. Good Life Advisors LLC grew its stake in SPDR Portfolio S&P 600 Small Cap ETF by 6.3% during the 2nd quarter. Good Life Advisors LLC now owns 619,262 shares of the company’s stock worth $26,381,000 after purchasing an additional 36,974 shares in the last quarter. Intrua Financial LLC grew its stake in SPDR Portfolio S&P 600 Small Cap ETF by 17.8% during the 2nd quarter. Intrua Financial LLC now owns 6,532 shares of the company’s stock worth $278,000 after purchasing an additional 989 shares in the last quarter. Finally, Hibernia Wealth Partners LLC increased its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 99.9% during the 2nd quarter. Hibernia Wealth Partners LLC now owns 172,419 shares of the company’s stock worth $7,345,000 after purchasing an additional 86,161 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

SPSM stock opened at $47.63 on Friday. The firm has a market capitalization of $13.57 billion, a P/E ratio of 17.02 and a beta of 1.08. The business’s 50-day moving average is $49.98 and its two-hundred day moving average is $47.73. SPDR Portfolio S&P 600 Small Cap ETF has a 1 year low of $34.79 and a 1 year high of $52.04.

SPDR Portfolio S&P 600 Small Cap ETF Company 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.