Pecaut & CO. reduced its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Free Report) by 27.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,977 shares of the company’s stock after selling 41,279 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF makes up approximately 2.0% of Pecaut & CO.’s investment portfolio, making the stock its 15th largest position. Pecaut & CO.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $6,347,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in SPMD. ORG Partners LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at about $25,000. Compass Financial Services Inc bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at approximately $30,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at approximately $32,000. Bernard Wealth Management Corp. purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter valued at approximately $32,000. Finally, Root Financial Partners LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.
SPDR Portfolio S&P 400 Mid Cap ETF Price Performance
SPMD opened at $61.08 on Wednesday. The stock’s fifty day moving average is $59.05 and its two-hundred day moving average is $57.48. The company has a market capitalization of $15.98 billion, a P/E ratio of 4.29 and a beta of 1.07. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $43.99 and a 52 week high of $62.33.
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.
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