CacheTech Inc. has significantly increased its investment in the SPDR Portfolio S&P 600 Small Cap ETF, acquiring an additional 12,362 shares during the second quarter of 2023. This move raised the company’s stake by **54.8%**, bringing its total holdings to **34,929 shares** valued at approximately **$1.488 million** at the end of the reporting period, according to data from HoldingsChannel.com.
Investments from Other Hedge Funds
CacheTech’s decision comes amid a broader trend, as several other hedge funds have also adjusted their positions in the SPDR Portfolio S&P 600 ETF (NYSEARCA:SPSM). Notably, **First Trust Advisors LP** expanded its stake by **3.4%**, now holding **6,653 shares** worth **$283,000** following the purchase of **220 shares**. Similarly, **Independent Wealth Network Inc.** reported a **3.0%** increase in its holdings, bringing its total to **8,561 shares** valued at **$365,000** after acquiring **248 shares** in the last quarter.
Additionally, **Patriot Financial Group Insurance Agency LLC** raised its investment by **1.6%**, now owning **17,143 shares** worth **$730,000** after purchasing **273 shares**. **Continental Investors Services Inc.** also increased its stake by **2.3%**, resulting in ownership of **14,640 shares** valued at **$624,000** following an acquisition of **323 shares**. Finally, **FSB Premier Wealth Management Inc.** enhanced its position by **1.2%**, bringing its total to **27,614 shares** worth **$1.176 million** after buying an additional **326 shares**.
SPDR Portfolio S&P 600 ETF Performance
As of this week, the SPDR Portfolio S&P 600 Small Cap ETF opened at **$48.39**. The fund boasts a market capitalization of approximately **$13.24 billion**, with a price-to-earnings ratio of **17.02** and a beta of **1.08**, indicating its volatility compared to the broader market. Over the past year, the ETF has experienced fluctuations, with a low of **$34.79** and a high of **$49.02**. Its fifty-day moving average stands at **$46.37**, while the two-hundred-day moving average is **$44.94**.
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 U.S. small-cap stocks selected by the S&P Committee, making the ETF a popular choice for investors seeking exposure to the small-cap segment of the market.
For those interested in tracking institutional investments in the SPDR Portfolio S&P 600 ETF, HoldingsChannel.com provides updated information on recent filings and transactions by hedge funds.
