Paulson Wealth Management Inc. Boosts Holdings in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Paulson Wealth Management Inc. increased its holdings in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 5.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 106,962 shares of the company’s stock after purchasing an additional 5,068 shares during the period. SPDR Portfolio S&P 600 Small Cap ETF makes up about 1.2% of Paulson Wealth Management Inc.’s holdings, making the stock its 16th biggest holding. Paulson Wealth Management Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $4,557,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Topsail Wealth Management LLC bought a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the second quarter worth $34,000. Retirement Wealth Solutions LLC bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF during the second quarter valued at about $43,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the second quarter worth about $49,000. Atlantic Union Bankshares Corp bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter valued at about $51,000. Finally, Private Wealth Asset Management LLC bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter valued at about $56,000.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

SPSM opened at $45.61 on Friday. The stock’s 50 day simple moving average is $46.24 and its 200 day simple moving average is $43.74. The firm has a market cap of $12.48 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 1 year low of $34.79 and a 1 year high of $50.03.

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.