SPDR Portfolio S&P 400 Mid Cap ETF $SPMD Shares Purchased by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 470,304 shares of the company’s stock after buying an additional 26,385 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $27,235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Summit Financial LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth about $620,000. Fiduciary Group LLC boosted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 22.4% during the fourth quarter. Fiduciary Group LLC now owns 48,018 shares of the company’s stock worth $2,781,000 after acquiring an additional 8,779 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth about $69,000. Tandem Wealth Advisors LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter valued at about $360,000. Finally, Reston Wealth Management LLC boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 1.6% in the 4th quarter. Reston Wealth Management LLC now owns 383,952 shares of the company’s stock valued at $22,235,000 after purchasing an additional 5,920 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

NYSEARCA:SPMD opened at $66.68 on Friday. The firm has a market capitalization of $17.78 billion, a price-to-earnings ratio of 4.68 and a beta of 1.01. The company’s 50-day moving average is $63.85 and its two-hundred day moving average is $61.41. SPDR Portfolio S&P 400 Mid Cap ETF has a 1-year low of $52.46 and a 1-year high of $66.99.

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.