Strategic Financial Concepts LLC trimmed its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report) by 67.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,963 shares of the company’s stock after selling 18,219 shares during the quarter. Strategic Financial Concepts LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $519,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of 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 worth $7,772,000 after buying 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 worth $206,000. Russell Investments Group Ltd. raised its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 127.4% during the second 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 period. Brown Advisory Inc. bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at about $228,000. Finally, Jump Financial LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at about $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 Stock Up 0.9%
Shares of SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $64.45 on Friday. The firm has a market cap of $17.19 billion, a price-to-earnings ratio of 4.53 and a beta of 1.02. The business has a 50-day moving average price of $61.89 and a 200-day moving average price of $60.45. SPDR Portfolio S&P 400 Mid Cap ETF has a twelve month low of $51.63 and a twelve month high of $65.85.
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.
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Want to see what other hedge funds are holding SPMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report).
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