Orion Capital Management LLC Cuts Stock Holdings in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Orion Capital Management LLC cut its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 9.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,615 shares of the company’s stock after selling 585 shares during the period. Orion Capital Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPMD. Exchange Traded Concepts LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at $94,135,000. Farther Finance Advisors LLC increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 131.0% during the second quarter. Farther Finance Advisors LLC now owns 971,121 shares of the company’s stock worth $52,809,000 after acquiring an additional 550,634 shares during the last quarter. Sun Life Financial Inc. purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 1st quarter worth about $25,119,000. Valmark Advisers Inc. lifted its stake in shares of 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 purchasing an additional 274,765 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter worth about $13,505,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Up 0.6%

Shares of SPMD stock opened at $57.83 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $43.99 and a fifty-two week high of $59.94. The firm’s 50 day moving average price is $57.14 and its two-hundred day moving average price is $54.53. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 4.06 and a beta of 1.13.

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.