Carroll Advisory Group LLC Buys Shares of 47,990 SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Carroll Advisory Group LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 47,990 shares of the company’s stock, valued at approximately $2,779,000. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 1.2% of Carroll Advisory Group LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Creative Planning grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the third quarter. Creative Planning now owns 87,966,062 shares of the company’s stock worth $5,030,779,000 after acquiring an additional 4,903,905 shares during the last quarter. Valmark Advisers Inc. grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.0% during the fourth quarter. Valmark Advisers Inc. now owns 7,041,736 shares of the company’s stock worth $407,787,000 after acquiring an additional 204,651 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.9% during the third quarter. HighTower Advisors LLC now owns 3,332,046 shares of the company’s stock worth $190,560,000 after acquiring an additional 125,678 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 17.5% during the third quarter. Envestnet Asset Management Inc. now owns 3,169,751 shares of the company’s stock worth $181,278,000 after acquiring an additional 471,708 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 18.9% during the third quarter. Bank of America Corp DE now owns 2,225,528 shares of the company’s stock worth $127,278,000 after acquiring an additional 354,307 shares during 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 Stock Performance

Shares of SPMD stock opened at $64.45 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $51.63 and a fifty-two week high of $65.85. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 4.53 and a beta of 1.02. The stock’s 50-day simple moving average is $61.89 and its 200-day simple moving average is $60.45.

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.