Independent Advisor Alliance Acquires 30,277 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Independent Advisor Alliance increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 136.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,408 shares of the company’s stock after acquiring an additional 30,277 shares during the quarter. Independent Advisor Alliance’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $3,035,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. World Investment Advisors raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 82.5% during the 4th quarter. World Investment Advisors now owns 29,293 shares of the company’s stock worth $1,696,000 after purchasing an additional 13,244 shares during the period. Mason Street Advisors LLC raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 16.5% during the 4th quarter. Mason Street Advisors LLC now owns 1,587,390 shares of the company’s stock worth $91,926,000 after purchasing an additional 225,190 shares during the period. Jacksonville Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.2% during the 4th quarter. Jacksonville Wealth Management LLC now owns 77,246 shares of the company’s stock worth $4,473,000 after purchasing an additional 3,119 shares during the period. Meridian Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.9% during the 4th quarter. Meridian Wealth Management LLC now owns 4,363 shares of the company’s stock worth $253,000 after purchasing an additional 202 shares during the period. Finally, Money Concepts Capital Corp raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 10.3% during the 4th quarter. Money Concepts Capital Corp now owns 20,812 shares of the company’s stock worth $1,205,000 after purchasing an additional 1,947 shares during the period. 61.70% of the stock is currently owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 0.2%

SPMD opened at $64.12 on Thursday. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 4.50 and a beta of 1.02. SPDR Portfolio S&P 400 Mid Cap ETF has a twelve month low of $51.63 and a twelve month high of $65.85. The company’s 50-day moving average price is $61.50 and its two-hundred day moving average price is $60.16.

About SPDR Portfolio S&P 400 Mid Cap ETF

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.