Inman Jager Wealth Management LLC Purchases 11,796 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Inman Jager Wealth Management LLC boosted its position in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 91.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,699 shares of the company’s stock after purchasing an additional 11,796 shares during the quarter. Inman Jager Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $1,463,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 11.6% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 96,472 shares of the company’s stock worth $5,587,000 after purchasing an additional 10,034 shares during the last quarter. Cahaba Wealth Management Inc. grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 3.3% during the 4th quarter. Cahaba Wealth Management Inc. now owns 451,746 shares of the company’s stock valued at $26,161,000 after purchasing an additional 14,242 shares during the last quarter. Breakwater Capital Group grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 206.6% during the 4th quarter. Breakwater Capital Group now owns 40,779 shares of the company’s stock valued at $2,361,000 after purchasing an additional 27,478 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter valued at about $2,116,000. Finally, Davis R M Inc. bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at about $621,000. 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 SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $67.03 on Tuesday. The company has a 50-day simple moving average of $64.99 and a two-hundred day simple moving average of $62.12. The stock has a market capitalization of $17.87 billion, a PE ratio of 4.71 and a beta of 1.01. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $53.73 and a 52-week high of $67.68.

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.