Sax Wealth Advisors LLC Invests $1.40 Million in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Sax Wealth Advisors LLC bought a new stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 24,225 shares of the company’s stock, valued at approximately $1,397,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPSM. Brown Lisle Cummings Inc. acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF during the 1st quarter worth approximately $27,000. Strive Financial Group LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth approximately $28,000. Private Wealth Management Group LLC acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the first quarter valued at approximately $29,000. Kingdom Financial Group LLC. acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter valued at approximately $34,000. Finally, Blue Trust Inc. grew its stake in SPDR Portfolio S&P 600 Small Cap ETF by 773.2% in the first quarter. Blue Trust Inc. now owns 716 shares of the company’s stock valued at $35,000 after acquiring an additional 634 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

NYSEARCA SPSM opened at $57.91 on Monday. SPDR Portfolio S&P 600 Small Cap ETF has a 52 week low of $43.12 and a 52 week high of $58.60. The business has a 50 day moving average price of $56.22 and a 200-day moving average price 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.

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.