SPDR Portfolio S&P 400 Mid Cap ETF $SPMD Position Lifted by Valmark Advisers Inc.

Valmark Advisers Inc. grew its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,643,917 shares of the company’s stock after acquiring an additional 274,765 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 5.0% of Valmark Advisers Inc.’s portfolio, making the stock its 4th biggest position. Valmark Advisers Inc. owned approximately 2.72% of SPDR Portfolio S&P 400 Mid Cap ETF worth $361,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SPMD. Exchange Traded Concepts LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $94,135,000. Farther Finance Advisors LLC grew its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 131.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 971,121 shares of the company’s stock worth $52,809,000 after buying an additional 550,634 shares during the last quarter. Sun Life Financial Inc. purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter worth $25,119,000. Financial Gravity Asset Management Inc. purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter worth $13,505,000. Finally, Retirement Income Solutions Inc grew its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 60.4% during the 2nd quarter. Retirement Income Solutions Inc now owns 603,915 shares of the company’s stock worth $32,841,000 after buying an additional 227,354 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 Price Performance

Shares of SPMD stock opened at $57.11 on Wednesday. SPDR Portfolio S&P 400 Mid Cap ETF has a 1-year low of $43.99 and a 1-year high of $59.94. The stock’s fifty day moving average price is $56.71 and its 200 day moving average price is $53.88. The company has a market cap of $14.40 billion, a price-to-earnings ratio of 4.01 and a beta of 1.13.

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.