Synergy Asset Management LLC Makes New Investment in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Synergy Asset Management LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,758 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Spectrum Planning & Advisory Services Inc. increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.2% during the 2nd quarter. Spectrum Planning & Advisory Services Inc. now owns 4,608 shares of the company’s stock valued at $251,000 after purchasing an additional 185 shares during the last quarter. Post Resch Tallon Group Inc. increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 0.4% during the second quarter. Post Resch Tallon Group Inc. now owns 47,237 shares of the company’s stock valued at $2,569,000 after acquiring an additional 187 shares during the last quarter. Narus Financial Partners LLC increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 2.2% during the second quarter. Narus Financial Partners LLC now owns 9,474 shares of the company’s stock valued at $515,000 after acquiring an additional 205 shares during the last quarter. Graypoint LLC raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.7% in the first quarter. Graypoint LLC now owns 13,367 shares of the company’s stock valued at $684,000 after acquiring an additional 220 shares during the period. Finally, Legacy Financial Strategies LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.3% in the 2nd quarter. Legacy Financial Strategies LLC now owns 6,094 shares of the company’s stock worth $331,000 after acquiring an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.3%

Shares of NYSEARCA:SPMD opened at $57.64 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a 12 month low of $43.99 and a 12 month high of $59.94. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 4.05 and a beta of 1.13. The firm’s 50-day moving average is $56.67 and its 200 day moving average is $53.80.

About SPDR Portfolio S&P 400 Mid Cap ETF

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.