Summit Investment Advisory Services LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report) during the third quarter, Holdings Channel reports. The fund bought 26,518 shares of the company’s stock, valued at approximately $1,442,000. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 0.6% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 21st biggest position.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ORG Partners LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at $25,000. Compass Financial Services Inc bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth $30,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at about $32,000. Bernard Wealth Management Corp. acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter valued at about $32,000. Finally, Pineridge Advisors LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $37,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.
SPDR Portfolio S&P 400 Mid Cap ETF Price Performance
SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $61.08 on Wednesday. The stock’s 50 day moving average is $59.05 and its 200 day moving average is $57.48. SPDR Portfolio S&P 400 Mid Cap ETF has a one year low of $43.99 and a one year high of $62.33. The firm has a market cap of $15.98 billion, a P/E ratio of 4.29 and a beta of 1.07.
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.
Further Reading
- Five stocks we like better than SPDR Portfolio S&P 400 Mid Cap ETF
- America’s Next Power Move Starts Underground
- Your Signature Is Missing – Act Before It’s Too Late
- NEW LAW: Congress Approves Setup For Digital Dollar?
- Refund From 1933: Trump’s Reset May Create Instant Wealth
- BSEM: A $25.50 Price Target, and Nasdaq on the Horizon!
Want to see what other hedge funds are holding SPMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report).
Receive News & Ratings for SPDR Portfolio S&P 400 Mid Cap ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio S&P 400 Mid Cap ETF and related companies with MarketBeat.com's FREE daily email newsletter.
