SPDR Portfolio S&P 400 Mid Cap ETF $SPMD Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 73.6% in the first quarter, Holdings Channel reports. The firm owned 48,298 shares of the company’s stock after selling 134,764 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $2,860,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CarsonAllaria Wealth Management Ltd. raised its holdings in shares of 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 buying an additional 10,034 shares during the period. Fifth Third Bancorp lifted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 23.1% during the 1st quarter. Fifth Third Bancorp now owns 283,790 shares of the company’s stock worth $16,806,000 after acquiring an additional 53,264 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter worth approximately $2,116,000. Legacy Edge Advisors LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter worth approximately $774,000. Finally, Farther Finance Advisors LLC boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 669,570 shares of the company’s stock worth $38,775,000 after acquiring an additional 83,711 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 0.1%

Shares of NYSEARCA:SPMD opened at $65.98 on Friday. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of 4.63 and a beta of 1.00. The company has a 50 day moving average of $66.12 and a two-hundred day moving average of $63.32. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $53.73 and a 52-week high of $67.68.

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.