Wrapmanager Inc. Sells 15,502 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Wrapmanager Inc. cut its holdings in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 199,873 shares of the company’s stock after selling 15,502 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF makes up 3.5% of Wrapmanager Inc.’s portfolio, making the stock its 8th largest position. Wrapmanager Inc. owned 0.08% of SPDR Portfolio S&P 400 Mid Cap ETF worth $11,431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Flagship Private Wealth LLC increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 2.2% in the third quarter. Flagship Private Wealth LLC now owns 8,430 shares of the company’s stock worth $482,000 after purchasing an additional 178 shares during the period. Meridian Wealth Management LLC raised its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 4.9% during the 3rd quarter. Meridian Wealth Management LLC now owns 4,161 shares of the company’s stock worth $238,000 after buying an additional 196 shares during the period. Rothschild Investment LLC raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 37.4% during the second quarter. Rothschild Investment LLC now owns 727 shares of the company’s stock worth $40,000 after acquiring an additional 198 shares during the period. Johnson Investment Counsel Inc. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.8% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 11,528 shares of the company’s stock valued at $659,000 after purchasing an additional 199 shares during the period. Finally, HBK Sorce Advisory LLC raised its position in SPDR Portfolio S&P 400 Mid Cap ETF by 1.8% in the 3rd quarter. HBK Sorce Advisory LLC now owns 11,890 shares of the company’s stock valued at $686,000 after buying an additional 212 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 1.8%

Shares of SPMD stock opened at $62.18 on Tuesday. The company’s fifty day simple moving average is $60.68 and its 200-day simple moving average is $58.35. SPDR Portfolio S&P 400 Mid Cap ETF has a 12 month low of $43.99 and a 12 month high of $63.67. The firm has a market cap of $16.31 billion, a PE ratio of 4.37 and a beta of 1.07.

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.