Gambit Capital Management LLC Takes $2.42 Million Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Gambit Capital Management LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the fourth quarter, HoldingsChannel reports. The fund acquired 41,751 shares of the company’s stock, valued at approximately $2,418,000. SPDR Portfolio S&P 400 Mid Cap ETF makes up approximately 1.7% of Gambit Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 16.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 142,911 shares of the company’s stock valued at $7,772,000 after acquiring an additional 20,429 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at about $206,000. Russell Investments Group Ltd. increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 127.4% in the second quarter. Russell Investments Group Ltd. now owns 2,617 shares of the company’s stock valued at $142,000 after acquiring an additional 1,466 shares during the period. Brown Advisory Inc. bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at about $228,000. Finally, Jump Financial LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at about $2,915,000. Institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Down 0.1%

SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $63.25 on Tuesday. SPDR Portfolio S&P 400 Mid Cap ETF has a 1-year low of $51.63 and a 1-year high of $65.85. The firm has a market cap of $16.87 billion, a P/E ratio of 4.44 and a beta of 1.02. The firm has a 50-day moving average of $61.60 and a 200-day moving average of $60.29.

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.