Reston Wealth Management LLC Grows Stake in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Reston Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,916 shares of the company’s stock after acquiring an additional 19,930 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF makes up about 7.2% of Reston Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Reston Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $20,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. LRI Investments LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 1st quarter valued at about $26,000. American National Bank & Trust acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at approximately $58,000. Russell Investments Group Ltd. purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the first quarter worth $59,000. Hilltop National Bank acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth $97,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter valued at $103,000. 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 NYSEARCA:SPMD opened at $56.24 on Friday. The firm has a market capitalization of $14.09 billion, a P/E ratio of 3.95 and a beta of 1.07. The business’s 50-day moving average is $57.21 and its 200 day moving average is $55.08. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $43.99 and a 1 year high of $59.94.

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.