Advance Capital Management Inc. Raises Stock Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Advance Capital Management Inc. grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,114 shares of the company’s stock after buying an additional 621 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF accounts for approximately 0.5% of Advance Capital Management Inc.’s holdings, making the stock its 19th biggest holding. Advance Capital Management Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $11,807,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sun Life Financial Inc. bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 1st quarter valued at approximately $25,119,000. Financial Gravity Asset Management Inc. purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter valued at $13,505,000. First Command Advisory Services Inc. raised its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 17.6% during the 1st quarter. First Command Advisory Services Inc. now owns 954,186 shares of the company’s stock valued at $48,835,000 after buying an additional 142,724 shares during the period. Ellenbecker Investment Group lifted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 82.9% in the first quarter. Ellenbecker Investment Group now owns 238,402 shares of the company’s stock worth $12,201,000 after buying an additional 108,022 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 34.5% during the first quarter. Farther Finance Advisors LLC now owns 420,487 shares of the company’s stock worth $21,638,000 after buying an additional 107,824 shares during the period. Institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 1.1%

SPMD stock opened at $57.65 on Monday. SPDR Portfolio S&P 400 Mid Cap ETF has a twelve month low of $43.99 and a twelve month high of $59.94. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 4.05 and a beta of 1.13. The firm’s fifty day simple moving average is $56.15 and its two-hundred day simple moving average is $53.26.

SPDR Portfolio S&P 400 Mid Cap ETF 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.