Kingswood Wealth Advisors LLC Sells 1,507 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Kingswood Wealth Advisors LLC cut its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 20.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,771 shares of the company’s stock after selling 1,507 shares during the period. Kingswood Wealth Advisors LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Signaturefd LLC raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 21.0% in the second quarter. Signaturefd LLC now owns 3,213 shares of the company’s stock valued at $175,000 after purchasing an additional 557 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the first quarter valued at about $59,000. Global Financial Private Client LLC grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 13.3% in the second quarter. Global Financial Private Client LLC now owns 12,196 shares of the company’s stock valued at $663,000 after acquiring an additional 1,431 shares in the last quarter. Sun Life Financial Inc. acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the first quarter valued at about $25,119,000. Finally, TFG Advisers LLC grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.7% in the second quarter. TFG Advisers LLC now owns 9,275 shares of the company’s stock valued at $504,000 after acquiring an additional 332 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

SPMD stock opened at $55.44 on Friday. The company’s 50-day simple moving average is $56.80 and its 200 day simple moving average is $53.96. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $43.99 and a 52 week high of $59.94. The company has a market capitalization of $14.00 billion, a PE ratio of 3.89 and a beta of 1.13.

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.