RKL Wealth Management LLC Makes New Investment in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

RKL Wealth Management LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 810,331 shares of the company’s stock, valued at approximately $51,083,000. SPDR Portfolio S&P 400 Mid Cap ETF makes up approximately 4.1% of RKL Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. RKL Wealth Management LLC owned approximately 0.28% of SPDR Portfolio S&P 400 Mid Cap ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPMD. Auto Owners Insurance Co raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% during the 4th quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock worth $4,461,016,000 after purchasing an additional 75,993,600 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.5% during the 1st quarter. Valmark Advisers Inc. now owns 7,215,287 shares of the company’s stock valued at $427,289,000 after buying an additional 173,551 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,488,056 shares of the company’s stock valued at $303,213,000 after buying an additional 340,186 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.1% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,230,591 shares of the company’s stock valued at $83,139,000 after buying an additional 48,386 shares in the last quarter. Finally, Koss Olinger Consulting LLC grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 20.2% in the 1st quarter. Koss Olinger Consulting LLC now owns 1,063,343 shares of the company’s stock valued at $62,971,000 after buying an additional 178,947 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of NYSEARCA SPMD traded down $0.60 during trading hours on Friday, hitting $63.38. The stock had a trading volume of 2,173,731 shares, compared to its average volume of 2,254,039. The firm’s 50-day moving average price is $65.45 and its two-hundred day moving average price is $65.06. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $54.53 and a 52 week high of $68.97. The company has a market capitalization of $18.16 billion, a P/E ratio of 4.45 and a beta of 1.02.

SPDR Portfolio S&P 400 Mid Cap ETF 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.