SPDR Portfolio S&P 400 Mid Cap ETF $SPMD Shares Purchased by Independent Wealth Network Inc.

Independent Wealth Network Inc. grew its position in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 214.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,311 shares of the company’s stock after purchasing an additional 15,902 shares during the period. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $1,380,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 11.6% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 96,472 shares of the company’s stock worth $5,587,000 after buying an additional 10,034 shares in the last quarter. Cahaba Wealth Management Inc. raised its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 3.3% during the 4th quarter. Cahaba Wealth Management Inc. now owns 451,746 shares of the company’s stock valued at $26,161,000 after acquiring an additional 14,242 shares in the last quarter. Breakwater Capital Group raised its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 206.6% during the 4th quarter. Breakwater Capital Group now owns 40,779 shares of the company’s stock valued at $2,361,000 after acquiring an additional 27,478 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter worth $2,116,000. Finally, Davis R M Inc. acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter worth $621,000. 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 $66.98 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $53.68 and a 1 year high of $67.68. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of 4.70 and a beta of 1.01. The business has a fifty day moving average of $64.82 and a 200-day moving average of $61.99.

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.