L2 Asset Management LLC Increases Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

L2 Asset Management LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 110.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,953 shares of the company’s stock after acquiring an additional 10,468 shares during the quarter. L2 Asset Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $1,155,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of SPMD. JPMorgan Chase & Co. increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 16.7% during the second quarter. JPMorgan Chase & Co. now owns 142,911 shares of the company’s stock worth $7,772,000 after acquiring an additional 20,429 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $206,000. Russell Investments Group Ltd. increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 127.4% during the second quarter. Russell Investments Group Ltd. now owns 2,617 shares of the company’s stock worth $142,000 after acquiring an additional 1,466 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $228,000. Finally, Jump Financial LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $2,915,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of NYSEARCA SPMD opened at $66.75 on Wednesday. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 4.69 and a beta of 1.01. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $52.46 and a 1 year high of $67.68. The stock’s 50-day simple moving average is $64.14 and its 200-day simple moving average is $61.57.

SPDR Portfolio S&P 400 Mid Cap ETF Company Profile

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee. SPMD was launched on Nov 8, 2005 and is managed by State Street.