CacheTech Inc. has significantly increased its investment in the SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by acquiring an additional 12,362 shares during the second quarter of 2023. This move resulted in a total of 34,929 shares held by the firm, representing a remarkable increase of 54.8% in its stake. According to HoldingsChannel.com, CacheTech’s holdings in the ETF were valued at approximately $1.488 million at the end of this reporting period.
Several other investment firms have also adjusted their positions in the SPDR Portfolio S&P 600 Small Cap ETF. For instance, First Trust Advisors LP raised its stake by 3.4%, now owning 6,653 shares valued at $283,000 following the purchase of an additional 220 shares. Similarly, Independent Wealth Network Inc. increased its holdings by 3.0%, bringing its total to 8,561 shares worth $365,000 after acquiring 248 shares.
Investment adjustments were also noted from Patriot Financial Group Insurance Agency LLC, which raised its stake by 1.6%, now holding 17,143 shares valued at $730,000 after a purchase of 273 shares. Additionally, Continental Investors Services Inc. increased its holdings by 2.3%, now owning 14,640 shares valued at $624,000 following an acquisition of 323 shares.
Finally, FSB Premier Wealth Management Inc. also made a modest increase, lifting its stake by 1.2% to now own 27,614 shares worth $1.176 million after purchasing an additional 326 shares.
Current Performance of SPDR Portfolio S&P 600 Small Cap ETF
As of Monday, the SPDR Portfolio S&P 600 Small Cap ETF opened at $48.39. The ETF boasts a market capitalization of $13.24 billion and has a price-to-earnings (P/E) ratio of 17.02 with a beta of 1.08. Over the past year, SPSM has seen a low of $34.79 and a high of $49.02. The ETF’s performance is further highlighted by its fifty-day moving average price of $46.37 and a 200-day moving average price of $44.94.
About SPDR Portfolio S&P 600 Small Cap ETF
The SPDR Portfolio S&P 600 Small Cap ETF, launched on July 8, 2013, is designed to track the performance of the S&P Small Cap 600 index. This index comprises small-cap US stocks selected based on various criteria by the S&P Committee. The ETF is managed by State Street, a prominent financial services company.
For those interested in the holdings and transactions related to the SPDR Portfolio S&P 600 Small Cap ETF, HoldingsChannel.com offers updated information on 13F filings and insider trades.
