Independent Financial Group LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 106,248 shares of the company’s stock, valued at approximately $6,292,000.
Several other large investors also recently bought and sold shares of SPMD. Creative Planning raised its position in SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% in the 3rd quarter. Creative Planning now owns 87,966,062 shares of the company’s stock valued at $5,030,779,000 after purchasing an additional 4,903,905 shares in the last quarter. Auto Owners Insurance Co grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% during the fourth quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock worth $4,461,016,000 after buying an additional 75,993,600 shares in the last quarter. LPL Financial LLC grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.4% during the fourth quarter. LPL Financial LLC now owns 12,844,472 shares of the company’s stock worth $743,823,000 after buying an additional 173,911 shares in the last quarter. Morgan Stanley grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% during the fourth quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock worth $568,923,000 after buying an additional 6,634,293 shares in the last quarter. Finally, Valmark Advisers Inc. increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.5% during the first quarter. Valmark Advisers Inc. now owns 7,215,287 shares of the company’s stock worth $427,289,000 after buying an additional 173,551 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.
SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance
SPMD stock opened at $66.60 on Friday. The company’s 50 day moving average price is $65.64 and its 200 day moving average price is $62.81. The firm has a market capitalization of $18.28 billion, a price-to-earnings ratio of 4.68 and a beta of 1.00. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $53.73 and a fifty-two week 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.
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