RKL Wealth Management LLC Has $40.24 Million Stock Holdings in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

RKL Wealth Management LLC cut its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 679,439 shares of the company’s stock after selling 32,736 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF comprises approximately 3.6% of RKL Wealth Management LLC’s holdings, making the stock its 6th largest position. RKL Wealth Management LLC owned approximately 0.26% of SPDR Portfolio S&P 400 Mid Cap ETF worth $40,236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Auto Owners Insurance Co grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% in the fourth quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock worth $4,461,016,000 after acquiring an additional 75,993,600 shares during the period. Morgan Stanley increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% in the 4th quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock worth $568,923,000 after purchasing an additional 6,634,293 shares in the last quarter. Creative Planning raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% in the third quarter. Creative Planning now owns 87,966,062 shares of the company’s stock worth $5,030,779,000 after buying an additional 4,903,905 shares during the period. Valpey Financial Services LLC lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 6,201.3% during the 4th quarter. Valpey Financial Services LLC now owns 814,448 shares of the company’s stock valued at $47,165,000 after buying an additional 801,523 shares in the last quarter. Finally, Greenleaf Trust lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1,293.1% during the 4th quarter. Greenleaf Trust now owns 801,325 shares of the company’s stock valued at $46,405,000 after buying an additional 743,806 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

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

Shares of NYSEARCA:SPMD opened at $66.97 on Thursday. The stock has a 50 day moving average of $65.12 and a 200 day moving average of $62.23. The company has a market cap of $18.23 billion, a PE ratio of 4.70 and a beta of 1.00. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $53.73 and a 12-month high of $67.68.

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.