Private Wealth Group LLC Lowers Stock Holdings in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Private Wealth Group LLC cut its position in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,558 shares of the company’s stock after selling 10,712 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 3.5% of Private Wealth Group LLC’s portfolio, making the stock its 8th biggest holding. Private Wealth Group LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $7,066,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Taylor & Morgan Wealth Management LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth $416,000. Peterson Wealth Advisors LLC grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.5% in the second quarter. Peterson Wealth Advisors LLC now owns 696,729 shares of the company’s stock valued at $37,888,000 after acquiring an additional 10,347 shares in the last quarter. Gradient Investments LLC increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 125.2% during the second quarter. Gradient Investments LLC now owns 35,024 shares of the company’s stock worth $1,905,000 after acquiring an additional 19,472 shares during the period. Apella Capital LLC increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 24.3% during the second quarter. Apella Capital LLC now owns 7,580 shares of the company’s stock worth $420,000 after acquiring an additional 1,480 shares during the period. Finally, 21 West Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth about $2,250,000. 61.70% of the stock is owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Up 1.3%

NYSEARCA SPMD opened at $59.47 on Tuesday. The firm has a 50-day moving average price of $57.67 and a two-hundred day moving average price of $56.80. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $43.99 and a 12-month high of $59.78. The company has a market capitalization of $15.43 billion, a P/E ratio of 4.18 and a beta of 1.07.

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.