CacheTech Inc. has significantly increased its investment in the SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM), acquiring an additional 12,362 shares during the second quarter of 2023. This acquisition raises CacheTech’s total holdings to 34,929 shares, representing a remarkable increase of 54.8%. As of the latest reporting period, these shares are valued at approximately $1,488,000.
A variety of other hedge funds have also adjusted their positions in the SPDR Portfolio S&P 600 ETF, reflecting ongoing interest in this investment vehicle. Among these, First Trust Advisors LP has raised its stake by 3.4%, now owning 6,653 shares valued at $283,000 after purchasing an additional 220 shares. Similarly, Independent Wealth Network Inc. has increased its holdings by 3.0%, bringing its total to 8,561 shares worth $365,000 following a buy of 248 shares.
Patriot Financial Group Insurance Agency LLC has also expanded its investment in the ETF, increasing its stake by 1.6% to own 17,143 shares, which are currently valued at $730,000 after acquiring 273 additional shares. Continental Investors Services Inc. raised its position by 2.3%, now holding 14,640 shares worth $624,000, thanks to the purchase of 323 shares. Lastly, FSB Premier Wealth Management Inc. has lifted its stake by 1.2%, owning 27,614 shares valued at $1,176,000 after a purchase of 326 shares.
SPDR Portfolio S&P 600 Small Cap ETF Overview
As of Monday, the SPDR Portfolio S&P 600 Small Cap ETF opened at $48.39. The ETF has a market capitalization of $13.24 billion, with a price-to-earnings (P/E) ratio of 17.02 and a beta of 1.08, indicating its volatility compared to the market. Over the past year, the ETF has experienced a low of $34.79 and a high of $49.02, showcasing its potential for growth.
The SPDR Portfolio S&P 600 Small Cap ETF is designed to track the performance of the S&P Small Cap 600 index, which comprises small-cap U.S. stocks selected based on market capitalization. This ETF was launched on July 8, 2013, and is managed by State Street, offering investors exposure to a diverse range of small-cap companies.
Investors seeking more information on hedge fund activities related to this ETF can visit HoldingsChannel.com, where they can find the latest 13F filings and insider trades. Additionally, MarketBeat.com provides a daily summary of news and analysts’ ratings for the SPDR Portfolio S&P 600 Small Cap ETF and related companies.
