SPDR Portfolio S&P 400 Mid Cap ETF $SPMD Shares Bought by RKL Wealth Management LLC

RKL Wealth Management LLC increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 594,975 shares of the company’s stock after buying an additional 40,432 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF accounts for approximately 2.9% of RKL Wealth Management LLC’s holdings, making the stock its 6th largest holding. RKL Wealth Management LLC owned 0.24% of SPDR Portfolio S&P 400 Mid Cap ETF worth $34,027,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.6% in the second quarter. Creative Planning now owns 83,062,157 shares of the company’s stock worth $4,516,920,000 after acquiring an additional 2,922,150 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.9% during the 3rd quarter. Valmark Advisers Inc. now owns 6,837,085 shares of the company’s stock valued at $391,013,000 after purchasing an additional 193,168 shares in the last quarter. CWM LLC grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 0.7% in the 3rd quarter. CWM LLC now owns 4,728,484 shares of the company’s stock valued at $270,422,000 after purchasing an additional 33,612 shares during the period. HighTower Advisors LLC grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 3,332,046 shares of the company’s stock valued at $190,560,000 after purchasing an additional 125,678 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 17.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,169,751 shares of the company’s stock worth $181,278,000 after purchasing an additional 471,708 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of SPMD stock opened at $62.98 on Thursday. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $43.99 and a 52 week high of $63.67. The company’s 50 day moving average price is $60.87 and its two-hundred day moving average price is $58.44. The company has a market capitalization of $16.52 billion, a P/E ratio of 4.42 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.