Exchange Capital Management Inc. Purchases 29,527 Shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)

Exchange Capital Management Inc. increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,370 shares of the company’s stock after buying an additional 29,527 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF comprises approximately 1.6% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Exchange Capital Management Inc. owned 0.10% of SPDR Portfolio S&P 400 Mid Cap ETF worth $10,302,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter valued at $435,000. Abound Financial LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter valued at approximately $8,897,000. Citizens & Northern Corp raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 0.9% in the 4th quarter. Citizens & Northern Corp now owns 280,513 shares of the company’s stock worth $15,341,000 after purchasing an additional 2,585 shares in the last quarter. Vicus Capital boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 6.0% during the 4th quarter. Vicus Capital now owns 14,270 shares of the company’s stock valued at $780,000 after buying an additional 808 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth $2,845,000.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 0.2 %

NYSEARCA:SPMD opened at $54.33 on Tuesday. SPDR Portfolio S&P 400 Mid Cap ETF has a 12 month low of $49.12 and a 12 month high of $59.94. The company’s 50-day moving average price is $55.85 and its two-hundred day moving average price is $55.45. The firm has a market cap of $12.45 billion, a PE ratio of 19.25 and a beta of 1.13.

SPDR Portfolio S&P 400 Mid Cap ETF 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.