SPDR Portfolio S&P 400 Mid Cap ETF $SPMD is Cornerstone Wealth Management LLC’s 3rd Largest Position

Cornerstone Wealth Management LLC boosted its position in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 2.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,097,029 shares of the company’s stock after purchasing an additional 24,253 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 3.5% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $62,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.6% in the 2nd quarter. Creative Planning now owns 83,062,157 shares of the company’s stock worth $4,516,920,000 after purchasing an additional 2,922,150 shares during the period. Valmark Advisers Inc. raised its position in SPDR Portfolio S&P 400 Mid Cap ETF by 2.9% in the third quarter. Valmark Advisers Inc. now owns 6,837,085 shares of the company’s stock worth $391,013,000 after acquiring an additional 193,168 shares during the period. CWM LLC boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 0.7% during the 3rd quarter. CWM LLC now owns 4,728,484 shares of the company’s stock worth $270,422,000 after acquiring an additional 33,612 shares during the last quarter. Facet Wealth Inc. boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 6.8% during the 3rd quarter. Facet Wealth Inc. now owns 2,910,476 shares of the company’s stock worth $166,450,000 after acquiring an additional 184,356 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 25.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,698,043 shares of the company’s stock valued at $146,720,000 after acquiring an additional 555,823 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $60.25 on Friday. The stock has a market cap of $15.78 billion, a P/E ratio of 4.23 and a beta of 1.07. The stock’s fifty day moving average is $59.37 and its 200 day moving average is $57.56. SPDR Portfolio S&P 400 Mid Cap ETF has a one year low of $43.99 and a one year high of $62.33.

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.