Verus Capital Partners LLC Invests $5.77 Million in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Verus Capital Partners LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 99,668 shares of the company’s stock, valued at approximately $5,772,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lido Advisors LLC increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 2.2% during the 4th quarter. Lido Advisors LLC now owns 239,662 shares of the company’s stock worth $13,874,000 after purchasing an additional 5,186 shares in the last quarter. Evolution Wealth Management Inc. increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 57.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 4,681 shares of the company’s stock worth $271,000 after purchasing an additional 1,699 shares in the last quarter. Opulen Financial Group LLC increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 5.2% during the 4th quarter. Opulen Financial Group LLC now owns 7,638 shares of the company’s stock worth $442,000 after purchasing an additional 378 shares in the last quarter. Jordan Park Group LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter worth about $504,000. Finally, Founders Financial Securities LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter worth about $391,000. 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 opened at $65.90 on Thursday. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $52.46 and a 1 year high of $66.04. The company’s 50 day simple moving average is $62.92 and its 200 day simple moving average is $60.96. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 4.63 and a beta of 1.02.

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.