Financial Solutions Advisory Group Inc. Takes $3.74 Million Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Financial Solutions Advisory Group Inc. purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,164 shares of the company’s stock, valued at approximately $3,741,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 16.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 142,911 shares of the company’s stock worth $7,772,000 after acquiring an additional 20,429 shares during the last quarter. XTX Topco Ltd bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $206,000. Russell Investments Group Ltd. grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 127.4% in the 2nd 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 last quarter. Brown Advisory Inc. bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $228,000. Finally, Jump Financial LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter worth $2,915,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

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

NYSEARCA:SPMD opened at $65.98 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a twelve month low of $53.73 and a twelve month high of $67.68. The company has a market cap of $18.25 billion, a price-to-earnings ratio of 4.63 and a beta of 1.00. The stock has a fifty day simple moving average of $66.12 and a 200-day simple moving average of $63.32.

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.