United Asset Strategies Inc. Cuts Stock Holdings in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

United Asset Strategies Inc. lessened its holdings in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 10.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,062 shares of the company’s stock after selling 5,969 shares during the period. United Asset Strategies Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $2,886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valmark Advisers Inc. grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.3% during the 2nd quarter. Valmark Advisers Inc. now owns 6,643,917 shares of the company’s stock valued at $361,296,000 after acquiring an additional 274,765 shares during the period. Facet Wealth Inc. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 10.4% in the second quarter. Facet Wealth Inc. now owns 2,726,120 shares of the company’s stock valued at $150,618,000 after buying an additional 257,924 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 25.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,698,043 shares of the company’s stock valued at $146,720,000 after buying an additional 555,823 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth $94,135,000. Finally, Hills Bank & Trust Co increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 96.5% in the 2nd quarter. Hills Bank & Trust Co now owns 1,195,251 shares of the company’s stock worth $64,998,000 after acquiring an additional 586,903 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 0.0%

NYSEARCA SPMD opened at $57.25 on Wednesday. The firm’s 50-day simple moving average is $57.22 and its two-hundred day simple moving average is $55.35. 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 cap of $14.34 billion, a PE ratio of 4.02 and a beta of 1.07.

SPDR Portfolio S&P 400 Mid Cap ETF Company 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.