Gradient Investments LLC Has $6.33 Million Stock Holdings in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Gradient Investments LLC boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 57.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,289 shares of the company’s stock after purchasing an additional 39,837 shares during the period. Gradient Investments LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $6,329,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SPMD. Cahaba Wealth Management Inc. grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 3.3% in the fourth quarter. Cahaba Wealth Management Inc. now owns 451,746 shares of the company’s stock valued at $26,161,000 after acquiring an additional 14,242 shares during the period. Bensler LLC raised its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 5.0% during the third quarter. Bensler LLC now owns 210,796 shares of the company’s stock worth $12,055,000 after acquiring an additional 10,026 shares in the last quarter. Davis R M Inc. bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at $621,000. Retirement Financial Solutions LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at $16,087,000. Finally, Corient Private Wealth LLC boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 8.9% in the 2nd quarter. Corient Private Wealth LLC now owns 423,452 shares of the company’s stock valued at $23,027,000 after purchasing an additional 34,636 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

SPMD opened at $58.81 on Tuesday. The firm’s 50-day simple moving average is $61.29 and its 200-day simple moving average is $58.95. SPDR Portfolio S&P 400 Mid Cap ETF has a twelve month low of $43.99 and a twelve month high of $63.67. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 4.13 and a beta of 1.07.

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.