KWB Wealth Purchases 9,323 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

KWB Wealth increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,811 shares of the company’s stock after acquiring an additional 9,323 shares during the period. KWB Wealth owned about 0.05% of SPDR Portfolio S&P 400 Mid Cap ETF worth $9,381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SPMD. Tandem Investment Partners LLC lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 1.7% during the third quarter. Tandem Investment Partners LLC now owns 52,200 shares of the company’s stock worth $3,291,000 after purchasing an additional 860 shares during the last quarter. RKL Wealth Management LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at $51,083,000. McKinley Carter Wealth Services Inc. acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at $530,000. James T. Borello RIA boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 8.8% in the 3rd quarter. James T. Borello RIA now owns 285,264 shares of the company’s stock valued at $17,983,000 after purchasing an additional 23,063 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at $2,630,000. 61.70% of the stock is owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 0.9%

Shares of SPMD traded down $0.60 during midday trading on Friday, hitting $63.38. The company’s stock had a trading volume of 2,173,731 shares, compared to its average volume of 2,254,039. SPDR Portfolio S&P 400 Mid Cap ETF has a one year low of $54.53 and a one year high of $68.97. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 4.45 and a beta of 1.02. The company’s fifty day simple moving average is $65.45 and its two-hundred day simple moving average is $65.06.

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.