Pinkerton Wealth LLC Makes New Investment in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Pinkerton Wealth LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the third quarter, Holdings Channel reports. The firm purchased 120,114 shares of the company’s stock, valued at approximately $6,869,000. SPDR Portfolio S&P 400 Mid Cap ETF accounts for approximately 0.7% of Pinkerton Wealth LLC’s portfolio, making the stock its 26th biggest position.

Other large investors also recently added to or reduced their stakes in the company. Flagship Private Wealth LLC boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.2% during the 3rd quarter. Flagship Private Wealth LLC now owns 8,430 shares of the company’s stock valued at $482,000 after acquiring an additional 178 shares during the last quarter. Meridian Wealth Management LLC increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 4.9% during the third quarter. Meridian Wealth Management LLC now owns 4,161 shares of the company’s stock worth $238,000 after acquiring an additional 196 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 37.4% during the 2nd quarter. Rothschild Investment LLC now owns 727 shares of the company’s stock worth $40,000 after purchasing an additional 198 shares during the period. Johnson Investment Counsel Inc. grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 11,528 shares of the company’s stock worth $659,000 after purchasing an additional 199 shares during the period. Finally, HBK Sorce Advisory LLC increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.8% during the 3rd quarter. HBK Sorce Advisory LLC now owns 11,890 shares of the company’s stock worth $686,000 after purchasing an additional 212 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of SPMD opened at $60.45 on Tuesday. The company’s 50-day moving average price is $61.35 and its 200 day moving average price is $58.80. 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 $15.86 billion, a P/E ratio of 4.25 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.