Shum Financial Group Inc. Invests $2.68 Million in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Shum Financial Group Inc. purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 46,824 shares of the company’s stock, valued at approximately $2,678,000. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 2.0% of Shum Financial Group Inc.’s portfolio, making the stock its 14th biggest position.

A number of other hedge funds have also recently modified their holdings of SPMD. Compass Financial Services Inc purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $30,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth approximately $32,000. Bernard Wealth Management Corp. acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter worth approximately $32,000. Pineridge Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter valued at approximately $37,000. Finally, Headlands Technologies LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $58.53 on Wednesday. The stock has a 50 day moving average of $57.59 and a 200 day moving average of $56.65. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 4.11 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 $59.78.

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.