Synergy Investment Management LLC Takes $2.65 Million Position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)

Synergy Investment Management LLC purchased a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 58,938 shares of the company’s stock, valued at approximately $2,647,000. SPDR Portfolio S&P 600 Small Cap ETF accounts for about 1.1% of Synergy Investment Management LLC’s portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 49 Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF during the third quarter worth approximately $32,132,000. Crews Bank & Trust acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter worth approximately $27,110,000. Abound Financial LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF during the 4th quarter worth $23,934,000. Financial Management Professionals Inc. acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at $5,391,000. Finally, Spinnaker Trust lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 10.2% during the 3rd quarter. Spinnaker Trust now owns 779,407 shares of the company’s stock valued at $35,471,000 after acquiring an additional 72,246 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

SPSM opened at $42.58 on Tuesday. The firm has a market cap of $11.68 billion, a P/E ratio of 17.11 and a beta of 1.14. The business’s fifty day moving average is $45.38 and its 200-day moving average is $45.73. SPDR Portfolio S&P 600 Small Cap ETF has a 52-week low of $39.65 and a 52-week high of $50.03.

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.