Gradient Investments LLC Increases Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Gradient Investments LLC lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 35.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,260 shares of the company’s stock after acquiring an additional 45,821 shares during the period. Gradient Investments LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $11,841,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SPMD. Midwest Financial Network LLC boosted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 18.6% during the second quarter. Midwest Financial Network LLC now owns 34,472 shares of the company’s stock valued at $2,329,000 after purchasing an additional 5,407 shares in the last quarter. Bill Few Associates Inc. raised its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 2.7% in the second quarter. Bill Few Associates Inc. now owns 107,104 shares of the company’s stock worth $7,236,000 after purchasing an additional 2,815 shares in the last quarter. JGP Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at about $219,000. Avior Wealth Management LLC lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.4% during the second quarter. Avior Wealth Management LLC now owns 290,317 shares of the company’s stock valued at $19,614,000 after buying an additional 3,916 shares during the last quarter. Finally, Financial Enhancement Group LLC lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.3% during the second quarter. Financial Enhancement Group LLC now owns 39,204 shares of the company’s stock valued at $2,649,000 after buying an additional 1,629 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

NYSEARCA:SPMD opened at $68.17 on Friday. The company’s 50-day simple moving average is $66.36 and its 200-day simple moving average is $63.54. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $54.49 and a fifty-two week high of $68.29. The stock has a market capitalization of $18.86 billion, a P/E ratio of 4.79 and a beta of 1.01.

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.