SPDR Portfolio S&P 400 Mid Cap ETF $SPMD Stake Decreased by AlTi Global Inc.

AlTi Global Inc. cut its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 15.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,116,050 shares of the company’s stock after selling 586,063 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF accounts for about 4.2% of AlTi Global Inc.’s investment portfolio, making the stock its 4th biggest holding. AlTi Global Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $178,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.6% in the 2nd quarter. Creative Planning now owns 83,062,157 shares of the company’s stock worth $4,516,920,000 after acquiring an additional 2,922,150 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.9% during the third quarter. Valmark Advisers Inc. now owns 6,837,085 shares of the company’s stock valued at $391,013,000 after purchasing an additional 193,168 shares during the last quarter. CWM LLC boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 0.7% in the 3rd quarter. CWM LLC now owns 4,728,484 shares of the company’s stock worth $270,422,000 after purchasing an additional 33,612 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 17.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,169,751 shares of the company’s stock worth $181,278,000 after buying an additional 471,708 shares during the last quarter. Finally, Facet Wealth Inc. increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 6.8% during the 3rd quarter. Facet Wealth Inc. now owns 2,910,476 shares of the company’s stock valued at $166,450,000 after buying an additional 184,356 shares in 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 0.1%

Shares of NYSEARCA:SPMD opened at $63.02 on Tuesday. The stock has a fifty day simple moving average of $59.84 and a two-hundred day simple moving average of $57.84. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $43.99 and a 12-month high of $63.17. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 4.43 and a beta of 1.07.

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.