U.S. 3EDGE Asset acquires $162 mln stake in SPDR S&P 600 Small CapValue

11/16/2018 6:10:00 AM (GMT)

U.S.-based investment management firm 3EDGE Asset Management LP is acquiring a stake in shares of small capitalization exchange trade performance tracker SPDR S&P 600 Small CapValue ETF.

3EDGE Asset Management LP bought 2.37 million shares of SPDR S&P’s stock, valued at around $162 million.

SPDR S&P 600 Small CapValue ETF comprises 17.6 percent of 3EDGE Asset Management LP’s holdings, making the stock its second position.

Shares of SPDR S&P 600 opened at $61.32 on Thursday.

3EDGE Asset Mgt LP.

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