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According to the latest SPIVA U.S. Scorecard report, broader isn't always better for active managers. Following a volatile start to the year, the S&P 500 did rebound sharply in the second quarter to gain 10% through June 30 thanks to robust corporate earnings.

Tidal Investments LLC acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the second quarter, according to its most recent filing with the SEC. The firm acquired 25,479 shares of the company's stock, valued at approximately $1,469,000. A number of other hedge funds have also recently bought

State Street SPDR Portfolio S&P 600 Small Cap ETF provides a more affordable entry point with a 0.03% expense ratio. iShares Core S&P Small-Cap ETF is significantly larger and more established, managing $110.3 billion in assets since its launch in 2000.

The State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) was launched on July 8, 2013, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Blend segment of the US equity market.

Empowered Funds LLC lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 168.4% during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,462 shares of the company's stock after acquiring an additional