RKL Wealth Management LLC Acquires 810,331 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

RKL Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 810,331 shares of the company’s stock, valued at approximately $51,083,000. SPDR Portfolio S&P 400 Mid Cap ETF comprises approximately 4.1% of RKL Wealth Management LLC’s portfolio, making the stock its 6th largest position.

Other institutional investors have also made changes to their positions in the company. Auto Owners Insurance Co lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% in the 4th quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock worth $4,461,016,000 after purchasing an additional 75,993,600 shares during the last quarter. Valmark Advisers Inc. boosted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 2.5% during the first quarter. Valmark Advisers Inc. now owns 7,215,287 shares of the company’s stock worth $427,289,000 after purchasing an additional 173,551 shares during the period. Envestnet Asset Management Inc. grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 8.2% during the second quarter. Envestnet Asset Management Inc. now owns 4,488,056 shares of the company’s stock valued at $303,213,000 after purchasing an additional 340,186 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 4.1% during the second quarter. Wealthcare Advisory Partners LLC now owns 1,230,591 shares of the company’s stock valued at $83,139,000 after purchasing an additional 48,386 shares during the last quarter. Finally, Koss Olinger Consulting LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 20.2% during the first quarter. Koss Olinger Consulting LLC now owns 1,063,343 shares of the company’s stock valued at $62,971,000 after purchasing an additional 178,947 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

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

Shares of NYSEARCA:SPMD traded down $0.60 during trading on Friday, reaching $63.38. The stock had a trading volume of 2,173,731 shares, compared to its average volume of 2,254,039. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $54.53 and a 52 week high of $68.97. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 4.45 and a beta of 1.02. The stock has a fifty day simple moving average of $65.45 and a two-hundred day simple moving average of $65.06.

About SPDR Portfolio S&P 400 Mid Cap ETF

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.