Private Wealth Group LLC Reduces Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Private Wealth Group LLC lowered its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 15.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,270 shares of the company’s stock after selling 24,263 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF accounts for approximately 3.9% of Private Wealth Group LLC’s investment portfolio, making the stock its 7th biggest holding. Private Wealth Group LLC owned approximately 0.05% of SPDR Portfolio S&P 400 Mid Cap ETF worth $7,302,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Wealthcare Capital Partners LLC increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.9% during the second quarter. Wealthcare Capital Partners LLC now owns 41,267 shares of the company’s stock worth $2,244,000 after purchasing an additional 1,933 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 10.1% during the second quarter. Wealthcare Advisory Partners LLC now owns 1,031,994 shares of the company’s stock worth $56,120,000 after purchasing an additional 94,311 shares during the period. Tandem Investment Partners LLC increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 6.7% during the second quarter. Tandem Investment Partners LLC now owns 49,315 shares of the company’s stock worth $2,682,000 after purchasing an additional 3,115 shares during the period. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 43.6% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 23,400 shares of the company’s stock worth $1,272,000 after purchasing an additional 7,103 shares during the period. Finally, Tilia Fiduciary Partners Inc. increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 6.4% during the second quarter. Tilia Fiduciary Partners Inc. now owns 26,488 shares of the company’s stock worth $1,440,000 after purchasing an additional 1,599 shares during the period. Institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.3%

Shares of NYSEARCA SPMD opened at $57.64 on Friday. The business’s 50 day moving average is $56.67 and its 200-day moving average is $53.81. SPDR Portfolio S&P 400 Mid Cap ETF has a 1-year low of $43.99 and a 1-year high of $59.94. The firm has a market cap of $14.50 billion, a P/E ratio of 4.05 and a beta of 1.13.

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.