SPDR Portfolio S&P 400 Mid Cap ETF $SPMD is Cornerstone Wealth Management LLC’s 3rd Largest Position

Cornerstone Wealth Management LLC lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,115,038 shares of the company’s stock after purchasing an additional 18,009 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF comprises approximately 3.4% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 3rd biggest position. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $64,572,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Creative Planning raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the third quarter. Creative Planning now owns 87,966,062 shares of the company’s stock worth $5,030,779,000 after purchasing an additional 4,903,905 shares during the last quarter. Valmark Advisers Inc. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.0% during the fourth quarter. Valmark Advisers Inc. now owns 7,041,736 shares of the company’s stock worth $407,787,000 after purchasing an additional 204,651 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.9% during the third 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 last quarter. Envestnet Asset Management Inc. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 17.5% during the third quarter. Envestnet Asset Management Inc. now owns 3,169,751 shares of the company’s stock worth $181,278,000 after purchasing an additional 471,708 shares during the last quarter. Finally, Facet Wealth Inc. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 6.8% during the third quarter. Facet Wealth Inc. now owns 2,910,476 shares of the company’s stock worth $166,450,000 after purchasing an additional 184,356 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $64.39 on Friday. The business has a 50 day simple moving average of $61.54 and a 200-day simple moving average of $60.21. SPDR Portfolio S&P 400 Mid Cap ETF has a 12 month low of $51.63 and a 12 month high of $65.85. The stock has a market capitalization of $17.17 billion, a PE ratio of 4.52 and a beta of 1.02.

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.