Wealth Enhancement Trust Services Inc. Makes New $2.29 Million Investment in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Wealth Enhancement Trust Services Inc. acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 39,612 shares of the company’s stock, valued at approximately $2,294,000.

Other large investors also recently modified their holdings of the company. CarsonAllaria Wealth Management Ltd. boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 11.6% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 96,472 shares of the company’s stock worth $5,587,000 after buying an additional 10,034 shares in the last quarter. Cahaba Wealth Management Inc. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.3% during the fourth quarter. Cahaba Wealth Management Inc. now owns 451,746 shares of the company’s stock worth $26,161,000 after acquiring an additional 14,242 shares in the last quarter. Bensler LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.0% in the 3rd quarter. Bensler LLC now owns 210,796 shares of the company’s stock worth $12,055,000 after acquiring an additional 10,026 shares during the last quarter. Davis R M Inc. bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth approximately $621,000. Finally, Breakwater Capital Group boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 206.6% in the 4th quarter. Breakwater Capital Group now owns 40,779 shares of the company’s stock valued at $2,361,000 after purchasing an additional 27,478 shares in the last quarter. 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 SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $63.92 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $46.53 and a 52-week high of $64.33. The company has a fifty day moving average of $61.08 and a 200-day moving average of $59.35. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 4.49 and a beta of 1.04.

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.