Harbour Investments Inc. Has $2.49 Million Stake in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Harbour Investments Inc. boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,705 shares of the company’s stock after purchasing an additional 1,559 shares during the quarter. Harbour Investments Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $2,485,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SPMD. Exchange Traded Concepts LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at about $94,135,000. Farther Finance Advisors LLC increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 131.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 971,121 shares of the company’s stock valued at $52,809,000 after buying an additional 550,634 shares during the period. Sun Life Financial Inc. bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 1st quarter valued at about $25,119,000. Valmark Advisers Inc. increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 4.3% in the 2nd quarter. Valmark Advisers Inc. now owns 6,643,917 shares of the company’s stock valued at $361,296,000 after buying an additional 274,765 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 1st quarter valued at about $13,505,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 1.2%

SPMD stock opened at $56.39 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a 12 month low of $43.99 and a 12 month high of $59.94. The firm has a market cap of $14.20 billion, a P/E ratio of 3.96 and a beta of 1.13. The company’s 50-day moving average price is $56.94 and its two-hundred day moving average price is $54.10.

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.