Gerber Kawasaki Wealth & Investment Management Buys 23,454 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Gerber Kawasaki Wealth & Investment Management increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 5.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 443,919 shares of the company’s stock after acquiring an additional 23,454 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $25,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC boosted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 0.6% during the 3rd quarter. Private Advisor Group LLC now owns 902,116 shares of the company’s stock valued at $51,592,000 after acquiring an additional 5,401 shares in the last quarter. Advisor Resource Council raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 69.0% in the 3rd quarter. Advisor Resource Council now owns 9,377 shares of the company’s stock worth $536,000 after acquiring an additional 3,828 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 26,514 shares of the company’s stock worth $1,516,000 after acquiring an additional 1,374 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at approximately $590,000. Finally, Modern Wealth Management LLC lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 26.9% in the 3rd quarter. Modern Wealth Management LLC now owns 32,951 shares of the company’s stock valued at $1,884,000 after purchasing an additional 6,990 shares during the period. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 2.4%

NYSEARCA SPMD opened at $59.85 on Monday. The firm has a market capitalization of $15.70 billion, a PE ratio of 4.20 and a beta of 1.07. The stock’s 50 day moving average is $61.31 and its 200 day moving average is $58.77. SPDR Portfolio S&P 400 Mid Cap ETF has a twelve month low of $43.99 and a twelve month high of $63.67.

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.