Tandem Investment Partners LLC grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report) by 6.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 49,315 shares of the company’s stock after buying an additional 3,115 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF comprises 2.3% of Tandem Investment Partners LLC’s portfolio, making the stock its 16th biggest holding. Tandem Investment Partners LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $2,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter worth $26,000. LRI Investments LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter worth $26,000. American National Bank & Trust purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter worth $58,000. Russell Investments Group Ltd. purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the first quarter worth $59,000. Finally, Hilltop National Bank purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter worth $97,000. 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 SPMD stock opened at $57.64 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $43.99 and a 52-week high of $59.94. The company has a market capitalization of $14.50 billion, a PE ratio of 4.05 and a beta of 1.13. The business’s fifty day moving average is $56.67 and its 200 day moving average is $53.81.
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.
Featured Articles
- Five stocks we like better than SPDR Portfolio S&P 400 Mid Cap ETF
- Are Penny Stocks a Good Fit for Your Portfolio?
- Why the Precious Metal Nobody Talks About Could Be Your Best Bet
- How to Short a Stock in 5 Easy Steps
- Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback
- How to Calculate Options Profits
- 3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending
Want to see what other hedge funds are holding SPMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report).
Receive News & Ratings for SPDR Portfolio S&P 400 Mid Cap ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio S&P 400 Mid Cap ETF and related companies with MarketBeat.com's FREE daily email newsletter.
