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

Synergy Investment Management LLC purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 investment portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors also recently modified their holdings of SPSM. Transcendent Capital Group LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 48.6% in the third quarter. Transcendent Capital Group LLC now owns 1,458 shares of the company’s stock valued at $66,000 after buying an additional 477 shares in the last quarter. Wilson & Boucher Capital Management LLC acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 3rd quarter valued at approximately $196,000. SVB Wealth LLC bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 4th quarter valued at approximately $222,000. Mainstream Capital Management LLC acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF during the 3rd quarter worth approximately $253,000. Finally, Collier Financial bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at approximately $291,000.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of SPDR Portfolio S&P 600 Small Cap ETF stock opened at $42.58 on Tuesday. The company’s 50 day moving average price is $45.38 and its two-hundred day moving average price is $45.73. The firm has a market capitalization of $11.68 billion, a P/E ratio of 17.11 and a beta of 1.14. SPDR Portfolio S&P 600 Small Cap ETF has a fifty-two week low of $39.65 and a fifty-two 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.