Northwestern Mutual Wealth Management Co. Boosts Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Northwestern Mutual Wealth Management Co. increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,959,117 shares of the company’s stock after purchasing an additional 346,515 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.75% of SPDR Portfolio S&P 400 Mid Cap ETF worth $113,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ballast Advisors LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at $26,000. Crewe Advisors LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% during the fourth quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock valued at $31,000 after purchasing an additional 182 shares in the last quarter. Stone House Investment Management LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% during the fourth quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock valued at $31,000 after purchasing an additional 197 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter valued at $31,000. Finally, Optima Capital LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter valued at $33,000. 61.70% of the stock is owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

SPMD stock opened at $65.41 on Friday. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $51.87 and a fifty-two week high of $65.85. The business’s 50-day moving average is $62.50 and its two-hundred day moving average is $60.75. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 4.59 and a beta of 1.02.

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.