SPDR Portfolio S&P 400 Mid Cap ETF $SPMD Stock Purchased by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 7.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 561,937 shares of the company’s stock after purchasing an additional 38,980 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $35,424,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SPMD. Mather Group LLC. purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter valued at approximately $27,000. Ascentis Independent Advisors acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter worth $29,000. Independence Bank of Kentucky purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth $32,000. Curry Webb Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth $33,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 62.5% during the first quarter. EverSource Wealth Advisors LLC now owns 593 shares of the company’s stock worth $35,000 after buying an additional 228 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.8%

Shares of NYSEARCA SPMD opened at $64.73 on Tuesday. SPDR Portfolio S&P 400 Mid Cap ETF has a twelve month low of $54.53 and a twelve month high of $68.97. The stock has a fifty day simple moving average of $64.61 and a 200-day simple moving average of $64.00. The stock has a market capitalization of $18.76 billion, a PE ratio of 4.55 and a beta of 1.02.

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.