TSG Advice Partners LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 541,217 shares of the company’s stock, valued at approximately $36,565,000. SPDR Portfolio S&P 400 Mid Cap ETF makes up 4.9% of TSG Advice Partners LLC’s investment portfolio, making the stock its 9th largest position.
Several other hedge funds have also recently bought and sold shares of SPMD. Trek Financial LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter valued at $675,000. True Freedom Investing LLC raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.9% during the 3rd quarter. True Freedom Investing LLC now owns 101,128 shares of the company’s stock worth $6,375,000 after buying an additional 4,695 shares during the last quarter. Pinkerton Wealth LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth about $6,739,000. Greenleaf Trust purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth about $65,741,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth about $4,955,000. 61.70% of the stock is owned by hedge funds and other institutional investors.
SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.8%
Shares of NYSEARCA SPMD opened at $64.73 on Tuesday. The stock has a market cap of $18.76 billion, a price-to-earnings ratio of 4.55 and a beta of 1.02. 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’s 50-day moving average price is $64.61 and its 200 day moving average price is $64.00.
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.
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