IFP Advisors Inc Acquires 3,261 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

IFP Advisors Inc boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 63,887 shares of the company’s stock after purchasing an additional 3,261 shares during the period. IFP Advisors Inc’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $3,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 21.0% during the second quarter. Signaturefd LLC now owns 3,213 shares of the company’s stock valued at $175,000 after purchasing an additional 557 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter valued at approximately $59,000. Global Financial Private Client LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 13.3% during the second quarter. Global Financial Private Client LLC now owns 12,196 shares of the company’s stock valued at $663,000 after purchasing an additional 1,431 shares during the last quarter. Sun Life Financial Inc. acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter valued at approximately $25,119,000. Finally, TFG Advisers LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 3.7% during the second quarter. TFG Advisers LLC now owns 9,275 shares of the company’s stock valued at $504,000 after purchasing an additional 332 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

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

Shares of SPMD stock opened at $55.44 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a 12 month low of $43.99 and a 12 month high of $59.94. The business’s 50 day moving average is $56.80 and its two-hundred day moving average is $53.96. The company has a market cap of $14.00 billion, a PE ratio of 3.89 and a beta of 1.13.

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.