Midwest Financial Network LLC Increases Stake in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Midwest Financial Network LLC grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 70.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 29,065 shares of the company’s stock after purchasing an additional 11,993 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF accounts for 1.4% of Midwest Financial Network LLC’s holdings, making the stock its 28th largest position. Midwest Financial Network LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $1,721,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Creative Planning grew its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the third quarter. Creative Planning now owns 87,966,062 shares of the company’s stock valued at $5,030,779,000 after acquiring an additional 4,903,905 shares in the last quarter. Auto Owners Insurance Co increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% in the 4th quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock valued at $4,461,016,000 after acquiring an additional 75,993,600 shares during the last quarter. LPL Financial LLC lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 1.4% in the 4th quarter. LPL Financial LLC now owns 12,844,472 shares of the company’s stock worth $743,823,000 after purchasing an additional 173,911 shares in the last quarter. Morgan Stanley lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% in the 4th quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock worth $568,923,000 after purchasing an additional 6,634,293 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.5% during the 1st quarter. Valmark Advisers Inc. now owns 7,215,287 shares of the company’s stock valued at $427,289,000 after purchasing an additional 173,551 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 0.1%

SPMD opened at $65.98 on Friday. The company has a market capitalization of $18.25 billion, a PE ratio of 4.63 and a beta of 1.00. The firm has a 50-day simple moving average of $66.12 and a two-hundred day simple moving average of $63.32. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $53.73 and a 52 week high of $67.68.

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.