Park Avenue Securities LLC Increases Stake in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Park Avenue Securities LLC lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 8.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 218,396 shares of the company’s stock after buying an additional 16,567 shares during the quarter. Park Avenue Securities LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $12,647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPMD. Foundations Investment Advisors LLC boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 12.8% during the second quarter. Foundations Investment Advisors LLC now owns 5,043 shares of the company’s stock worth $274,000 after acquiring an additional 574 shares during the last quarter. Power Wealth Management LLC increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 4.6% in the 2nd quarter. Power Wealth Management LLC now owns 47,551 shares of the company’s stock valued at $2,586,000 after acquiring an additional 2,087 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in 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. Seeds Investor LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth $433,000. Finally, Franklin Resources Inc. lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 6.2% in the 2nd quarter. Franklin Resources Inc. now owns 17,021 shares of the company’s stock worth $926,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 2.2%

SPMD opened at $57.91 on Friday. The company has a market capitalization of $15.19 billion, a PE ratio of 4.07 and a beta of 1.07. The firm has a 50-day simple moving average of $61.33 and a two-hundred day simple moving average of $58.91. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $43.99 and a 52 week high of $63.67.

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.