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

JGP Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the second quarter, Holdings Channel.com reports. The firm acquired 4,420 shares of the company’s stock, valued at approximately $240,000.

A number of other large investors also recently modified their holdings of SPMD. Exchange Traded Concepts LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at approximately $94,135,000. Farther Finance Advisors LLC boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 131.0% in the second quarter. Farther Finance Advisors LLC now owns 971,121 shares of the company’s stock valued at $52,809,000 after acquiring an additional 550,634 shares during the period. Sun Life Financial Inc. bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the first quarter valued at approximately $25,119,000. Valmark Advisers Inc. boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.3% in the second quarter. Valmark Advisers Inc. now owns 6,643,917 shares of the company’s stock valued at $361,296,000 after acquiring an additional 274,765 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the first quarter valued at approximately $13,505,000. 61.70% of the stock is currently owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 1.0%

SPMD stock opened at $57.04 on Wednesday. The firm has a 50 day moving average of $56.87 and a 200-day moving average of $54.04. SPDR Portfolio S&P 400 Mid Cap ETF has a 12 month low of $43.99 and a 12 month high of $59.94. The firm has a market capitalization of $14.40 billion, a P/E ratio of 4.01 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.