Modern Wealth Management LLC Lowers Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Modern Wealth Management LLC decreased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 20.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,892 shares of the company’s stock after selling 9,423 shares during the period. Modern Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $2,202,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. CarsonAllaria Wealth Management Ltd. grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 11.6% during the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 96,472 shares of the company’s stock valued at $5,587,000 after acquiring an additional 10,034 shares during the period. Fifth Third Bancorp increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 23.1% during the first quarter. Fifth Third Bancorp now owns 283,790 shares of the company’s stock worth $16,806,000 after acquiring an additional 53,264 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter worth about $2,116,000. Farther Finance Advisors LLC raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 669,570 shares of the company’s stock worth $38,775,000 after purchasing an additional 83,711 shares during the period. Finally, Legacy Edge Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter worth about $774,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

NYSEARCA SPMD opened at $66.38 on Friday. The firm has a market capitalization of $18.32 billion, a P/E ratio of 4.66 and a beta of 1.00. SPDR Portfolio S&P 400 Mid Cap ETF has a 1-year low of $53.73 and a 1-year high of $67.68. The business’s 50-day simple moving average is $65.87 and its 200-day simple moving average is $63.11.

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.