Cahaba Wealth Management Inc. Raises Stock Holdings in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Cahaba Wealth Management Inc. lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 4.1% during the first quarter, Holdings Channel reports. The fund owned 470,043 shares of the company’s stock after purchasing an additional 18,297 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF comprises 1.9% of Cahaba Wealth Management Inc.’s portfolio, making the stock its 12th biggest holding. Cahaba Wealth Management Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $27,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PCB Capital LLC raised its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 10.1% in the 1st quarter. PCB Capital LLC now owns 4,678 shares of the company’s stock valued at $277,000 after purchasing an additional 429 shares during the last quarter. Cvfg LLC boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.6% during the 1st quarter. Cvfg LLC now owns 98,614 shares of the company’s stock worth $5,840,000 after purchasing an additional 5,198 shares during the last quarter. ArborFi Advisors LLC boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.6% during the 1st quarter. ArborFi Advisors LLC now owns 73,454 shares of the company’s stock worth $4,350,000 after purchasing an additional 3,878 shares during the last quarter. Addison Capital Co grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 11.6% during the first quarter. Addison Capital Co now owns 102,970 shares of the company’s stock worth $6,098,000 after buying an additional 10,717 shares in the last quarter. Finally, Alliance Wealth Management Group grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 0.8% during the first quarter. Alliance Wealth Management Group now owns 34,814 shares of the company’s stock worth $2,062,000 after buying an additional 271 shares in 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 Price Performance

NYSEARCA:SPMD opened at $65.44 on Thursday. The firm has a 50 day simple moving average of $65.37 and a 200-day simple moving average of $62.50. The firm has a market cap of $17.87 billion, a PE ratio of 4.60 and a beta of 1.00. SPDR Portfolio S&P 400 Mid Cap ETF has a 1-year low of $53.73 and a 1-year high of $67.68.

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.