MMA Asset Management LLC Raises Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

MMA Asset Management LLC lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 99.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,604 shares of the company’s stock after purchasing an additional 35,211 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 1.3% of MMA Asset Management LLC’s portfolio, making the stock its 17th biggest position. MMA Asset Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $4,038,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $25,000. Compass Financial Services Inc purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at $30,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $32,000. Bernard Wealth Management Corp. purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth $32,000. Finally, Guerra Advisors Inc acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter worth about $35,000. 61.70% of the stock is owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $62.93 on Friday. The business’s 50-day simple moving average is $59.74 and its two-hundred day simple moving average is $57.77. The company has a market cap of $16.51 billion, a PE ratio of 4.42 and a beta of 1.07. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $43.99 and a fifty-two week high of $63.02.

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.