RKL Wealth Management LLC Raises Stock Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

RKL Wealth Management LLC raised its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 19.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 712,175 shares of the company’s stock after buying an additional 117,200 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 3.4% of RKL Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. RKL Wealth Management LLC owned 0.27% of SPDR Portfolio S&P 400 Mid Cap ETF worth $41,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in SPMD. CarsonAllaria Wealth Management Ltd. boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 11.6% during the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 96,472 shares of the company’s stock valued at $5,587,000 after purchasing an additional 10,034 shares during the last quarter. Cahaba Wealth Management Inc. boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 3.3% during the 4th quarter. Cahaba Wealth Management Inc. now owns 451,746 shares of the company’s stock valued at $26,161,000 after purchasing an additional 14,242 shares during the last quarter. Breakwater Capital Group boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 206.6% during 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 during the last quarter. Davis R M Inc. purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at $621,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter valued at $2,116,000. Institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 2.5%

Shares of SPMD opened at $66.20 on Friday. The business’s fifty day simple moving average is $63.71 and its two-hundred day simple moving average is $61.38. SPDR Portfolio S&P 400 Mid Cap ETF has a 12 month low of $52.46 and a 12 month high of $66.31. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 4.65 and a beta of 1.01.

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.