Focus Financial Network Inc. Cuts Stake in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Focus Financial Network Inc. lessened its position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 15.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 160,378 shares of the company’s stock after selling 28,725 shares during the period. Focus Financial Network Inc. owned approximately 0.05% of SPDR Portfolio S&P 600 Small Cap ETF worth $9,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pettinga Financial Advisors LLC increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 55.5% during the second quarter. Pettinga Financial Advisors LLC now owns 12,050 shares of the company’s stock worth $695,000 after acquiring an additional 4,300 shares during the period. Roan Capital Partners lifted its position in SPDR Portfolio S&P 600 Small Cap ETF by 15.9% in the second quarter. Roan Capital Partners now owns 89,040 shares of the company’s stock valued at $5,135,000 after purchasing an additional 12,202 shares during the period. Sax Wealth Advisors LLC acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the second quarter valued at about $1,397,000. Adamsbrown Wealth Consultants LLC boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 1.7% in the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 16,336 shares of the company’s stock valued at $942,000 after purchasing an additional 266 shares in the last quarter. Finally, Private Wealth Group LLC boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 20.7% in the 2nd quarter. Private Wealth Group LLC now owns 183,563 shares of the company’s stock valued at $10,586,000 after purchasing an additional 31,500 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

Shares of SPSM stock opened at $57.91 on Monday. The stock has a 50 day simple moving average of $56.22 and a 200-day simple moving average of $52.72. The company has a market cap of $17.39 billion, a price-to-earnings ratio of 17.02 and a beta of 1.02. SPDR Portfolio S&P 600 Small Cap ETF has a 12-month low of $43.12 and a 12-month high of $58.60.

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.