Envestnet Asset Management Inc. Boosts Stock Holdings in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 17.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,169,751 shares of the company’s stock after acquiring an additional 471,708 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $181,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPMD. DAVENPORT & Co LLC raised its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 15.7% in the second quarter. DAVENPORT & Co LLC now owns 7,441 shares of the company’s stock worth $405,000 after buying an additional 1,010 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $309,000. Values Added Financial LLC raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 50.9% in the 2nd quarter. Values Added Financial LLC now owns 6,120 shares of the company’s stock worth $333,000 after acquiring an additional 2,064 shares in the last quarter. CarsonAllaria Wealth Management Ltd. lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 20.2% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 73,592 shares of the company’s stock worth $4,002,000 after purchasing an additional 12,360 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.4% during the 2nd quarter. IFP Advisors Inc now owns 63,887 shares of the company’s stock worth $3,474,000 after purchasing an additional 3,261 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

SPMD opened at $60.99 on Friday. The firm has a market capitalization of $16.00 billion, a PE ratio of 4.28 and a beta of 1.07. The business’s 50-day moving average is $59.64 and its two-hundred day moving average is $57.72. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $43.99 and a 1 year high of $62.33.

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.