Western Wealth Management LLC Buys 34,458 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Western Wealth Management LLC grew its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 18.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,438 shares of the company’s stock after buying an additional 34,458 shares during the period. Western Wealth Management LLC owned 0.08% of SPDR Portfolio S&P 400 Mid Cap ETF worth $12,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SPMD. JPMorgan Chase & Co. raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 16.7% during the second quarter. JPMorgan Chase & Co. now owns 142,911 shares of the company’s stock worth $7,772,000 after acquiring an additional 20,429 shares during the last quarter. XTX Topco Ltd bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at approximately $206,000. Russell Investments Group Ltd. increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 127.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,617 shares of the company’s stock valued at $142,000 after purchasing an additional 1,466 shares during the period. Brown Advisory Inc. acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter valued at approximately $228,000. Finally, Jump Financial LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth approximately $2,915,000. 61.70% of the stock is currently owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of NYSEARCA SPMD opened at $65.98 on Friday. The company has a market capitalization of $18.25 billion, a P/E 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. The company’s 50 day moving average price is $66.12 and its 200-day moving average price is $63.32.

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.