Gradient Investments LLC Increases Holdings in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Gradient Investments LLC increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 35.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,260 shares of the company’s stock after acquiring an additional 45,821 shares during the period. Gradient Investments LLC owned approximately 0.06% of SPDR Portfolio S&P 400 Mid Cap ETF worth $11,841,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SPMD. Fifth Third Bancorp increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 23.1% during the 1st quarter. Fifth Third Bancorp now owns 283,790 shares of the company’s stock valued at $16,806,000 after purchasing an additional 53,264 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the fourth quarter worth $2,116,000. Farther Finance Advisors LLC lifted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 669,570 shares of the company’s stock worth $38,775,000 after buying an additional 83,711 shares during the last quarter. Legacy Edge Advisors LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth $774,000. Finally, Valmark Advisers Inc. boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 3.0% during the fourth quarter. Valmark Advisers Inc. now owns 7,041,736 shares of the company’s stock worth $407,787,000 after buying an additional 204,651 shares during the period. 61.70% of the stock is owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 1.4%

SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $68.17 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $54.49 and a 12-month high of $68.29. The firm has a 50-day moving average price of $66.36 and a 200-day moving average price of $63.54. The firm has a market capitalization of $18.86 billion, a PE ratio of 4.79 and a beta of 1.01.

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.