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

Belpointe Asset Management LLC cut its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 46.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,839 shares of the company’s stock after selling 6,045 shares during the quarter. Belpointe Asset Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Valeo Financial Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter worth approximately $309,000. DAVENPORT & Co LLC raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 15.7% in the second quarter. DAVENPORT & Co LLC now owns 7,441 shares of the company’s stock worth $405,000 after purchasing an additional 1,010 shares during the last quarter. Valpey Financial Services LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at approximately $710,000. Alta Wealth Advisors LLC increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 6.7% during the second quarter. Alta Wealth Advisors LLC now owns 231,724 shares of the company’s stock valued at $12,601,000 after acquiring an additional 14,483 shares during the last quarter. Finally, Simplicity Wealth LLC increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 854.4% during the second quarter. Simplicity Wealth LLC now owns 65,322 shares of the company’s stock valued at $3,552,000 after acquiring an additional 58,478 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Down 2.8%

Shares of SPMD opened at $55.44 on Friday. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 3.89 and a beta of 1.13. The stock has a 50 day moving average of $56.80 and a 200 day moving average of $53.96. SPDR Portfolio S&P 400 Mid Cap ETF has a 12 month low of $43.99 and a 12 month high of $59.94.

SPDR Portfolio S&P 400 Mid Cap ETF 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.