Royal Bank of Canada Increases Holdings in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Royal Bank of Canada grew its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 8.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 865,545 shares of the company’s stock after acquiring an additional 70,796 shares during the quarter. Royal Bank of Canada owned 0.32% of SPDR Portfolio S&P 400 Mid Cap ETF worth $51,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Ascentis Independent Advisors bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 1st quarter worth about $29,000. Realta Investment Advisors increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 196.5% during the 1st quarter. Realta Investment Advisors now owns 513 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares in the last quarter. Stone House Investment Management LLC increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% during the 4th quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock valued at $31,000 after purchasing an additional 197 shares in the last quarter. Elyxium Wealth LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the fourth quarter worth about $31,000. Finally, Optima Capital LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the fourth quarter worth about $33,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of NYSEARCA SPMD opened at $65.98 on Monday. The firm’s 50 day moving average price is $66.12 and its 200-day moving average price is $63.34. The company has a market cap of $18.25 billion, a PE ratio of 4.63 and a beta of 1.00. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $53.73 and a 52-week high of $67.68.

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.