Hughes Financial Services LLC Sells 516,256 Shares of SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Hughes Financial Services LLC trimmed its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 85.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,449 shares of the company’s stock after selling 516,256 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF comprises about 0.6% of Hughes Financial Services LLC’s investment portfolio, making the stock its 21st largest holding. Hughes Financial Services LLC’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $3,733,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SPSM. Strategic Financial Concepts LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 288.6% in the second quarter. Strategic Financial Concepts LLC now owns 573,588 shares of the company’s stock valued at $24,435,000 after buying an additional 425,984 shares in the last quarter. Valmark Advisers Inc. raised its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 7.1% in the 2nd quarter. Valmark Advisers Inc. now owns 6,263,369 shares of the company’s stock valued at $266,820,000 after acquiring an additional 415,695 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 18.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,629,859 shares of the company’s stock worth $69,432,000 after purchasing an additional 249,130 shares in the last quarter. Surience Private Wealth LLC acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 2nd quarter worth $9,995,000. Finally, Dakota Wealth Management increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 25.3% in the second quarter. Dakota Wealth Management now owns 1,118,045 shares of the company’s stock worth $47,629,000 after purchasing an additional 225,972 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Stock Up 0.8%

SPSM opened at $45.98 on Monday. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 17.02 and a beta of 1.08. SPDR Portfolio S&P 600 Small Cap ETF has a twelve month low of $34.79 and a twelve month high of $50.03. The company has a 50-day simple moving average of $46.24 and a 200 day simple moving average of $43.89.

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.