Modera Wealth Management LLC Makes New $6.80 Million Investment in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Modera Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 107,891 shares of the company’s stock, valued at approximately $6,801,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mather Group LLC. acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at about $27,000. Ascentis Independent Advisors bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter valued at about $29,000. Independence Bank of Kentucky acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $32,000. Curry Webb Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 62.5% in the first quarter. EverSource Wealth Advisors LLC now owns 593 shares of the company’s stock worth $35,000 after acquiring an additional 228 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 1.2%

Shares of SPMD stock opened at $64.24 on Friday. The business has a 50 day moving average of $64.66 and a two-hundred day moving average of $63.98. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $54.53 and a 52 week high of $68.97. The company has a market cap of $18.62 billion, a P/E ratio of 4.51 and a beta of 1.02.

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.