Cornerstone Wealth Management LLC Sells 9,278 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Cornerstone Wealth Management LLC decreased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,098,678 shares of the company’s stock after selling 9,278 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 2.9% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Cornerstone Wealth Management LLC owned approximately 0.38% of SPDR Portfolio S&P 400 Mid Cap ETF worth $69,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 8.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,488,056 shares of the company’s stock worth $303,213,000 after buying an additional 340,186 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.1% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,230,591 shares of the company’s stock valued at $83,139,000 after buying an additional 48,386 shares during the period. Greenleaf Trust bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at about $65,741,000. Koss Olinger Consulting LLC grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 20.2% during the 1st quarter. Koss Olinger Consulting LLC now owns 1,063,343 shares of the company’s stock valued at $62,971,000 after buying an additional 178,947 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 6.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 947,740 shares of the company’s stock valued at $59,746,000 after buying an additional 55,381 shares during 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 Down 0.4%

Shares of NYSEARCA SPMD opened at $64.95 on Wednesday. The firm’s 50-day moving average price is $64.34 and its two-hundred day moving average price is $64.09. 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 capitalization of $18.93 billion, a P/E ratio of 4.56 and a beta of 1.01.

SPDR Portfolio S&P 400 Mid Cap ETF 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.