Downshift Financial LLC Acquires Shares of 27,128 SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Downshift Financial LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 27,128 shares of the company’s stock, valued at approximately $1,652,000. SPDR Portfolio S&P 400 Mid Cap ETF makes up about 1.0% of Downshift Financial LLC’s portfolio, making the stock its 19th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Creative Planning boosted its stake in 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 valued at $5,030,779,000 after purchasing an additional 4,903,905 shares during the last quarter. Auto Owners Insurance Co raised 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 worth $4,461,016,000 after purchasing an additional 75,993,600 shares during the last quarter. LPL Financial LLC raised 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 worth $743,823,000 after purchasing an additional 173,911 shares during the last quarter. Morgan Stanley lifted its holdings 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 in the last quarter. Finally, Valmark Advisers Inc. boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.0% during the fourth quarter. Valmark Advisers Inc. now owns 7,041,736 shares of the company’s stock valued at $407,787,000 after buying an additional 204,651 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $66.57 on Friday. The stock has a fifty day simple moving average of $64.48 and a 200 day simple moving average of $61.73. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $52.46 and a 12-month high of $67.68. The company has a market capitalization of $17.75 billion, a P/E ratio of 4.67 and a beta of 1.01.

SPDR Portfolio S&P 400 Mid Cap ETF 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.