Brand Asset Management Group Inc. bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,791 shares of the company’s stock, valued at approximately $903,000.
Several other hedge funds also recently modified their holdings of the company. ORG Partners LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at approximately $25,000. Compass Financial Services Inc purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth approximately $30,000. Twin Peaks Wealth Advisors LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $32,000. Bernard Wealth Management Corp. purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter worth $32,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 145.8% during the third quarter. EverSource Wealth Advisors LLC now owns 590 shares of the company’s stock worth $34,000 after purchasing an additional 350 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.
SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 0.8%
Shares of NYSEARCA:SPMD opened at $62.73 on Friday. The company has a market cap of $16.46 billion, a P/E ratio of 4.41 and a beta of 1.07. The business has a fifty day simple moving average of $61.04 and a 200-day simple moving average of $58.53. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $43.99 and a 52 week high of $63.67.
About SPDR Portfolio S&P 400 Mid Cap ETF
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.
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