Commonwealth Equity Services LLC Purchases New Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Commonwealth Equity Services LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the 3rd quarter, HoldingsChannel reports. The fund purchased 294,642 shares of the company’s stock, valued at approximately $18,574,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SPMD. Certified Advisory Corp boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 4.7% during the third quarter. Certified Advisory Corp now owns 3,683 shares of the company’s stock worth $232,000 after purchasing an additional 165 shares during the last quarter. Garrett Wealth Advisory Group LLC lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 1.5% during the third quarter. Garrett Wealth Advisory Group LLC now owns 11,824 shares of the company’s stock valued at $745,000 after purchasing an additional 172 shares during the last quarter. Independent Wealth Network Inc. boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 0.9% in the 3rd quarter. Independent Wealth Network Inc. now owns 22,350 shares of the company’s stock worth $1,409,000 after buying an additional 208 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 62.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 593 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares during the period. Finally, NorthRock Partners LLC increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 7.1% during the second quarter. NorthRock Partners LLC now owns 3,946 shares of the company’s stock valued at $267,000 after buying an additional 260 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 0.4%

SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $64.95 on Wednesday. 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 stock has a market cap of $18.93 billion, a price-to-earnings ratio of 4.56 and a beta of 1.01. The business has a 50-day simple moving average of $64.34 and a 200 day simple moving average of $64.09.

SPDR Portfolio S&P 400 Mid Cap ETF Company Profile

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.