Brand Asset Management Group Inc. Buys New Shares in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Brand Asset Management Group Inc. purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,791 shares of the company’s stock, valued at approximately $903,000.

Other institutional investors also recently made changes to their positions in the company. Creative Planning raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.6% in the 2nd quarter. Creative Planning now owns 83,062,157 shares of the company’s stock worth $4,516,920,000 after buying an additional 2,922,150 shares during the period. Valmark Advisers Inc. increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 2.9% during the third quarter. Valmark Advisers Inc. now owns 6,837,085 shares of the company’s stock worth $391,013,000 after acquiring an additional 193,168 shares during the last quarter. CWM LLC increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 0.7% during the third quarter. CWM LLC now owns 4,728,484 shares of the company’s stock worth $270,422,000 after acquiring an additional 33,612 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 3,332,046 shares of the company’s stock worth $190,560,000 after purchasing an additional 125,678 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 17.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,169,751 shares of the company’s stock valued at $181,278,000 after purchasing an additional 471,708 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of NYSEARCA:SPMD opened at $62.73 on Friday. The stock has a 50-day simple moving average of $61.04 and a 200-day simple moving average of $58.53. The stock has a market capitalization of $16.46 billion, a P/E ratio of 4.41 and a beta of 1.07. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $43.99 and a 1 year high of $63.67.

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.