21 West Wealth Management LLC Makes New $2.25 Million Investment in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

21 West Wealth Management LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 41,378 shares of the company’s stock, valued at approximately $2,250,000. SPDR Portfolio S&P 400 Mid Cap ETF accounts for 2.3% of 21 West Wealth Management LLC’s holdings, making the stock its 16th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Command Advisory Services Inc. lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 17.6% in the first quarter. First Command Advisory Services Inc. now owns 954,186 shares of the company’s stock worth $48,835,000 after buying an additional 142,724 shares during the period. Peterson Wealth Advisors LLC lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 1.5% in the second quarter. Peterson Wealth Advisors LLC now owns 696,729 shares of the company’s stock worth $37,888,000 after buying an additional 10,347 shares during the period. Sun Life Financial Inc. purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter valued at approximately $25,119,000. Farther Finance Advisors LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 34.5% during the first quarter. Farther Finance Advisors LLC now owns 420,487 shares of the company’s stock valued at $21,638,000 after purchasing an additional 107,824 shares during the last quarter. Finally, Crews Bank & Trust lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 0.7% during the first quarter. Crews Bank & Trust now owns 380,046 shares of the company’s stock valued at $19,451,000 after purchasing an additional 2,634 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

SPMD stock opened at $57.65 on Monday. The firm has a 50 day moving average price of $56.15 and a 200-day moving average price of $53.26. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $43.99 and a 52-week high of $59.94. The firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of 4.05 and a beta of 1.13.

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.