Independent Wealth Network Inc. lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report) by 214.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,311 shares of the company’s stock after acquiring an additional 15,902 shares during the period. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in SPMD. Ballast Advisors LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth approximately $26,000. Crewe Advisors LLC boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% during the 4th quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock valued at $31,000 after purchasing an additional 182 shares in the last quarter. Stone House Investment Management LLC increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% during the 4th quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock valued at $31,000 after purchasing an additional 197 shares during the period. Elyxium Wealth LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter valued at $31,000. Finally, Optima Capital LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter worth $33,000. 61.70% of the stock is currently owned by institutional investors.
SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance
SPMD opened at $66.98 on Friday. The company has a market capitalization of $17.86 billion, a PE ratio of 4.70 and a beta of 1.01. The stock’s fifty day moving average is $64.82 and its 200-day moving average is $61.99. SPDR Portfolio S&P 400 Mid Cap ETF has a one year low of $53.68 and a one year high of $67.68.
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.
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