Western Wealth Management LLC Boosts Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Western Wealth Management LLC boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 18.9% during the 1st quarter, HoldingsChannel reports. The fund owned 216,438 shares of the company’s stock after buying an additional 34,458 shares during the period. Western Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $12,817,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CarsonAllaria Wealth Management Ltd. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 11.6% during the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 96,472 shares of the company’s stock worth $5,587,000 after buying an additional 10,034 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 23.1% during the 1st quarter. Fifth Third Bancorp now owns 283,790 shares of the company’s stock worth $16,806,000 after acquiring an additional 53,264 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter worth approximately $2,116,000. Farther Finance Advisors LLC boosted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 14.3% during the fourth quarter. Farther Finance Advisors LLC now owns 669,570 shares of the company’s stock worth $38,775,000 after purchasing an additional 83,711 shares in the last quarter. Finally, Legacy Edge Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the fourth quarter valued at $774,000. 61.70% of the stock is currently owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Up 0.9%

SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $66.03 on Friday. The firm has a market capitalization of $18.26 billion, a PE ratio of 4.64 and a beta of 1.00. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $53.73 and a 52 week high of $67.68. The firm’s 50-day simple moving average is $66.09 and its 200 day simple moving average is $63.30.

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.