Cascade Financial Partners LLC Acquires 23,240 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Cascade Financial Partners LLC grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 11.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226,236 shares of the company’s stock after purchasing an additional 23,240 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF makes up 1.5% of Cascade Financial Partners LLC’s investment portfolio, making the stock its 14th largest holding. Cascade Financial Partners LLC owned 0.09% of SPDR Portfolio S&P 400 Mid Cap ETF worth $12,303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPMD. LRI Investments LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter worth about $26,000. Legacy Wealth Managment LLC ID grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3,078.1% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 1,017 shares of the company’s stock valued at $55,000 after acquiring an additional 985 shares during the period. American National Bank & Trust purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth approximately $58,000. Russell Investments Group Ltd. bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the first quarter valued at $59,000. Finally, Hilltop National Bank bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at about $97,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.7%

Shares of SPMD stock opened at $57.27 on Tuesday. The stock has a market capitalization of $14.35 billion, a P/E ratio of 4.02 and a beta of 1.07. The firm’s 50 day moving average is $57.21 and its 200 day moving average is $55.30. 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.