Sachetta LLC Increases Stock Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Sachetta LLC raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 52,977.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,331 shares of the company’s stock after purchasing an additional 14,304 shares during the period. Sachetta LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SPMD. Spectrum Planning & Advisory Services Inc. raised its position in SPDR Portfolio S&P 400 Mid Cap ETF by 4.2% in the 2nd quarter. Spectrum Planning & Advisory Services Inc. now owns 4,608 shares of the company’s stock worth $251,000 after buying an additional 185 shares during the last quarter. Post Resch Tallon Group Inc. boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 0.4% during the 2nd quarter. Post Resch Tallon Group Inc. now owns 47,237 shares of the company’s stock valued at $2,569,000 after acquiring an additional 187 shares during the last quarter. Narus Financial Partners LLC grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.2% in the second quarter. Narus Financial Partners LLC now owns 9,474 shares of the company’s stock worth $515,000 after acquiring an additional 205 shares during the period. Graypoint LLC raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.7% during the first quarter. Graypoint LLC now owns 13,367 shares of the company’s stock valued at $684,000 after purchasing an additional 220 shares during the last quarter. Finally, Legacy Financial Strategies LLC raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.3% during the second quarter. Legacy Financial Strategies LLC now owns 6,094 shares of the company’s stock valued at $331,000 after purchasing an additional 253 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.2%

Shares of SPMD stock opened at $57.73 on Tuesday. 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 firm’s 50 day moving average is $56.69 and its 200 day moving average is $53.86. The stock has a market capitalization of $14.56 billion, a P/E ratio of 4.05 and a beta of 1.13.

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.