Synergy Asset Management LLC Makes New $204,000 Investment in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Synergy Asset Management LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,758 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Capital Management Inc. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 8.1% during the 2nd quarter. Exchange Capital Management Inc. now owns 222,550 shares of the company’s stock worth $12,102,000 after acquiring an additional 16,636 shares in the last quarter. Crews Bank & Trust grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 5.0% in the second quarter. Crews Bank & Trust now owns 399,113 shares of the company’s stock worth $21,704,000 after purchasing an additional 19,067 shares during the last quarter. Hilltop National Bank acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth $97,000. TFG Advisers LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.7% during the 2nd quarter. TFG Advisers LLC now owns 9,275 shares of the company’s stock valued at $504,000 after purchasing an additional 332 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 9.7% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 145,668 shares of the company’s stock valued at $7,921,000 after purchasing an additional 12,936 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

Shares of SPMD stock opened at $57.64 on Friday. The stock’s fifty day moving average price is $56.67 and its 200 day moving average price is $53.80. SPDR Portfolio S&P 400 Mid Cap ETF has a 1-year low of $43.99 and a 1-year high of $59.94. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 4.05 and a beta of 1.13.

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.