SMART Wealth LLC Invests $1.50 Million in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

SMART Wealth LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,233 shares of the company’s stock, valued at approximately $1,502,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Concurrent Investment Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 96.9% in the second quarter. Concurrent Investment Advisors LLC now owns 75,960 shares of the company’s stock worth $5,132,000 after acquiring an additional 37,375 shares during the period. Power Wealth Management LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 1.8% during the 2nd quarter. Power Wealth Management LLC now owns 52,354 shares of the company’s stock valued at $3,537,000 after buying an additional 934 shares in the last quarter. Montz Harcus Wealth Management LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 7.1% during the 2nd quarter. Montz Harcus Wealth Management LLC now owns 257,179 shares of the company’s stock valued at $17,375,000 after buying an additional 17,084 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at about $350,000. Finally, Luken Investment Analytics LLC grew its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 31.7% during the second quarter. Luken Investment Analytics LLC now owns 71,712 shares of the company’s stock valued at $4,845,000 after acquiring an additional 17,271 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.2%

SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $66.47 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a 1-year low of $54.53 and a 1-year high of $68.97. The firm has a market capitalization of $18.39 billion, a PE ratio of 4.67 and a beta of 1.01. The firm’s 50 day simple moving average is $66.82 and its 200 day simple moving average is $64.34.

SPDR Portfolio S&P 400 Mid Cap ETF Company 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.