Financial Gravity Asset Management Inc. Purchases 14,990 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Financial Gravity Asset Management Inc. grew its position in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 5.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 287,163 shares of the company’s stock after acquiring an additional 14,990 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF accounts for approximately 3.2% of Financial Gravity Asset Management Inc.’s holdings, making the stock its 9th largest position. Financial Gravity Asset Management Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $16,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SPMD. Morgan Stanley raised its holdings 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 valued at $568,923,000 after purchasing an additional 6,634,293 shares in the last quarter. Creative Planning raised its holdings in shares of 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. Valpey Financial Services LLC raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 6,201.3% in the 4th quarter. Valpey Financial Services LLC now owns 814,448 shares of the company’s stock valued at $47,165,000 after purchasing an additional 801,523 shares in the last quarter. Greenleaf Trust lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 1,293.1% during the fourth quarter. Greenleaf Trust now owns 801,325 shares of the company’s stock worth $46,405,000 after purchasing an additional 743,806 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 4,299.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 663,452 shares of the company’s stock worth $38,429,000 after purchasing an additional 648,370 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Up 0.7%

SPMD stock opened at $66.68 on Friday. The business has a 50 day moving average price of $63.85 and a 200 day moving average price of $61.41. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 4.68 and a beta of 1.01. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $52.46 and a fifty-two week high of $66.99.

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.