Pinkerton Wealth LLC Makes New $6.74 Million Investment in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Pinkerton Wealth LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 106,908 shares of the company’s stock, valued at approximately $6,739,000. SPDR Portfolio S&P 400 Mid Cap ETF makes up approximately 1.1% of Pinkerton Wealth LLC’s investment portfolio, making the stock its 28th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of SPMD. Greenleaf Trust bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter valued at approximately $65,741,000. Sumitomo Mitsui Trust Group Inc. bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter worth $4,955,000. Stevens Capital Partners increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 5.7% during the 3rd quarter. Stevens Capital Partners now owns 53,893 shares of the company’s stock worth $3,397,000 after acquiring an additional 2,906 shares during the period. Vise Technologies Inc. raised its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 35.2% in the 3rd quarter. Vise Technologies Inc. now owns 35,656 shares of the company’s stock valued at $2,248,000 after acquiring an additional 9,276 shares in the last quarter. Finally, Intrua Financial LLC raised its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 55.8% in the 3rd quarter. Intrua Financial LLC now owns 70,485 shares of the company’s stock valued at $4,443,000 after acquiring an additional 25,246 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

NYSEARCA:SPMD opened at $64.24 on Monday. The company has a market cap of $18.62 billion, a price-to-earnings ratio of 4.51 and a beta of 1.02. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $54.53 and a fifty-two week high of $68.97. The stock has a fifty day moving average price of $64.66 and a 200-day moving average price of $63.98.

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.