Modera Wealth Management LLC decreased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report) by 11.9% in the 1st quarter, HoldingsChannel reports. The fund owned 106,608 shares of the company’s stock after selling 14,431 shares during the quarter. Modera Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $6,313,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SPMD. Creative Planning boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the 3rd quarter. Creative Planning now owns 87,966,062 shares of the company’s stock worth $5,030,779,000 after purchasing an additional 4,903,905 shares in the last quarter. Auto Owners Insurance Co lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% in the fourth quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock valued at $4,461,016,000 after purchasing an additional 75,993,600 shares during the period. LPL Financial LLC lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 12,844,472 shares of the company’s stock valued at $743,823,000 after purchasing an additional 173,911 shares during the period. Morgan Stanley lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% in the fourth quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock valued at $568,923,000 after purchasing an additional 6,634,293 shares during the period. Finally, Valmark Advisers Inc. boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 2.5% during the first quarter. Valmark Advisers Inc. now owns 7,215,287 shares of the company’s stock worth $427,289,000 after buying an additional 173,551 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.
SPDR Portfolio S&P 400 Mid Cap ETF Trading Down 0.6%
Shares of SPMD opened at $66.18 on Friday. The firm’s 50-day moving average is $65.67 and its two-hundred day moving average is $62.83. SPDR Portfolio S&P 400 Mid Cap ETF has a twelve month low of $53.73 and a twelve month high of $67.68. The firm has a market capitalization of $18.16 billion, a P/E ratio of 4.65 and a beta of 1.00.
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.
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