SPDR Portfolio S&P 400 Mid Cap ETF $SPMD Shares Sold by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC cut its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 13.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,597 shares of the company’s stock after selling 842 shares during the quarter. Sax Wealth Advisors LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Exchange Traded Concepts LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth approximately $94,135,000. Farther Finance Advisors LLC lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 131.0% during the second quarter. Farther Finance Advisors LLC now owns 971,121 shares of the company’s stock worth $52,809,000 after purchasing an additional 550,634 shares during the last quarter. Sun Life Financial Inc. purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter worth approximately $25,119,000. Financial Gravity Asset Management Inc. purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter worth approximately $13,505,000. Finally, Retirement Income Solutions Inc lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 60.4% during the second quarter. Retirement Income Solutions Inc now owns 603,915 shares of the company’s stock worth $32,841,000 after purchasing an additional 227,354 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 1.1%

SPMD stock opened at $57.05 on Friday. The business has a 50 day moving average price of $56.78 and a 200 day moving average price of $53.94. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 4.01 and a beta of 1.13. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $43.99 and a fifty-two week high of $59.94.

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.