106,248 Shares in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD Purchased by Independent Financial Group LLC

Independent Financial Group LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 106,248 shares of the company’s stock, valued at approximately $6,292,000.

Several other institutional investors also recently bought and sold shares of SPMD. Quartz Partners LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter worth about $282,000. Navigation Group LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the first quarter valued at approximately $1,309,000. Bank of New York Mellon Corp boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 48,847 shares of the company’s stock valued at $2,893,000 after purchasing an additional 3,815 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 107.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,352 shares of the company’s stock valued at $80,000 after purchasing an additional 700 shares in the last quarter. Finally, Signet Financial Management LLC grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 10.5% in the first quarter. Signet Financial Management LLC now owns 54,688 shares of the company’s stock valued at $3,239,000 after purchasing an additional 5,181 shares in 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 Up 0.5%

Shares of SPMD opened at $66.60 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $53.73 and a fifty-two week high of $67.68. The firm’s 50 day moving average price is $65.64 and its 200 day moving average price is $62.81. The company has a market cap of $18.28 billion, a P/E ratio of 4.68 and a beta of 1.00.

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.