Valmark Advisers Inc. Raises Stock Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Valmark Advisers Inc. grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,837,085 shares of the company’s stock after acquiring an additional 193,168 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF accounts for approximately 5.1% of Valmark Advisers Inc.’s holdings, making the stock its 4th largest position. Valmark Advisers Inc. owned about 2.73% of SPDR Portfolio S&P 400 Mid Cap ETF worth $391,013,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SPMD. Taylor & Morgan Wealth Management LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $416,000. Peterson Wealth Advisors LLC raised its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 1.5% during the second quarter. Peterson Wealth Advisors LLC now owns 696,729 shares of the company’s stock valued at $37,888,000 after buying an additional 10,347 shares in the last quarter. Gradient Investments LLC lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 125.2% in the second quarter. Gradient Investments LLC now owns 35,024 shares of the company’s stock worth $1,905,000 after buying an additional 19,472 shares during the last quarter. Apella Capital LLC boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 24.3% during the 2nd quarter. Apella Capital LLC now owns 7,580 shares of the company’s stock worth $420,000 after acquiring an additional 1,480 shares in the last quarter. Finally, 21 West Wealth Management LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter valued at about $2,250,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of SPMD stock opened at $60.64 on Friday. The stock’s 50 day simple moving average is $57.93 and its 200 day simple moving average is $56.94. SPDR Portfolio S&P 400 Mid Cap ETF has a twelve month low of $43.99 and a twelve month high of $60.72. The company has a market capitalization of $15.75 billion, a price-to-earnings ratio of 4.26 and a beta of 1.07.

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.