Modera Wealth Management LLC Acquires New Stake in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Modera Wealth Management LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the third quarter, Holdings Channel reports. The firm acquired 107,891 shares of the company’s stock, valued at approximately $6,801,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DWM Financial Group Inc. acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter valued at $266,000. Raleigh Capital Management Inc. boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 7.3% during the third quarter. Raleigh Capital Management Inc. now owns 32,101 shares of the company’s stock valued at $2,024,000 after buying an additional 2,183 shares in the last quarter. International Assets Investment Management LLC boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 686.9% during the third quarter. International Assets Investment Management LLC now owns 25,000 shares of the company’s stock valued at $1,576,000 after buying an additional 21,823 shares in the last quarter. Founders Financial Securities LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $387,000. Finally, ERn Financial LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 2.8% during the third quarter. ERn Financial LLC now owns 12,217 shares of the company’s stock worth $770,000 after acquiring an additional 333 shares during the period. Institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Down 1.2%

Shares of SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $64.24 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $54.53 and a 52 week high of $68.97. The stock has a market cap of $18.62 billion, a PE ratio of 4.51 and a beta of 1.02. The company’s 50-day moving average price is $64.66 and its two-hundred day moving average price is $63.98.

About SPDR Portfolio S&P 400 Mid Cap ETF

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.