Towercrest Capital Management Buys New Stake in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Towercrest Capital Management acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the third quarter, Holdings Channel.com reports. The firm acquired 41,290 shares of the company’s stock, valued at approximately $2,603,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. RKL Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth $51,083,000. AlphaStar Capital Management LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter valued at $49,888,000. TSG Advice Partners LLC increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2,502.0% during the 1st quarter. TSG Advice Partners LLC now owns 476,138 shares of the company’s stock worth $28,197,000 after purchasing an additional 457,839 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 4,488,056 shares of the company’s stock valued at $303,213,000 after acquiring an additional 340,186 shares during the last quarter. Finally, Avior Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter valued at about $18,644,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Down 0.5%

Shares of SPMD traded down $0.35 during mid-day trading on Friday, hitting $63.40. 2,428,860 shares of the company traded hands, compared to its average volume of 2,278,259. The stock has a market capitalization of $18.25 billion, a price-to-earnings ratio of 4.45 and a beta of 1.02. SPDR Portfolio S&P 400 Mid Cap ETF has a one year low of $54.53 and a one year high of $68.97. The business has a 50-day moving average of $64.98 and a 200 day moving average of $65.22.

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.