Modera Wealth Management LLC Cuts Stock Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Modera Wealth Management LLC cut its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 11.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,608 shares of the company’s stock after selling 14,431 shares during the quarter. Modera Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $6,313,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SPMD. Ascentis Independent Advisors purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter worth $29,000. Realta Investment Advisors lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 196.5% in the 1st quarter. Realta Investment Advisors now owns 513 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares during the period. Crewe Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% in the fourth quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock valued at $31,000 after acquiring an additional 182 shares in the last quarter. Stone House Investment Management LLC boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% in the fourth quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock valued at $31,000 after acquiring an additional 197 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth about $31,000. 61.70% of the stock is owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 0.6%

Shares of SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $66.18 on Friday. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 4.65 and a beta of 1.00. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $53.73 and a 52-week high of $67.68. The company’s 50-day simple moving average is $65.67 and its 200-day simple moving average is $62.83.

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.