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

Modern Wealth Management LLC decreased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 20.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 36,892 shares of the company’s stock after selling 9,423 shares during the period. Modern Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $2,202,000 as of its most recent SEC filing.

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

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

SPMD stock opened at $66.38 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $53.73 and a 1 year high of $67.68. The firm has a market cap of $18.32 billion, a P/E ratio of 4.66 and a beta of 1.00. The stock has a 50-day simple moving average of $65.87 and a 200-day simple moving average of $63.11.

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.