Up Capital Management Inc. Makes New Investment in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Up Capital Management Inc. purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the 4th quarter, Holdings Channel.com reports. The firm purchased 11,468 shares of the company’s stock, valued at approximately $664,000. SPDR Portfolio S&P 400 Mid Cap ETF accounts for 0.6% of Up Capital Management Inc.’s investment portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPMD. Ballast Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $26,000. Crewe Advisors LLC grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% during the fourth quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock worth $31,000 after buying an additional 182 shares in the last quarter. Stone House Investment Management LLC grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% during the fourth quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock worth $31,000 after buying an additional 197 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter valued at approximately $31,000. Finally, Optima Capital LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

NYSEARCA SPMD opened at $66.57 on Friday. The stock has a market capitalization of $17.75 billion, a price-to-earnings ratio of 4.67 and a beta of 1.01. The stock’s 50 day moving average price is $64.48 and its two-hundred day moving average price is $61.73. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $52.46 and a 52 week high of $67.68.

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.