Midwest Financial Network LLC Purchases 11,993 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Midwest Financial Network LLC raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 70.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,065 shares of the company’s stock after purchasing an additional 11,993 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF accounts for about 1.4% of Midwest Financial Network LLC’s investment portfolio, making the stock its 28th largest position. Midwest Financial Network LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $1,721,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SPMD. JPMorgan Chase & Co. raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 16.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 142,911 shares of the company’s stock valued at $7,772,000 after purchasing an additional 20,429 shares during the period. XTX Topco Ltd bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth $206,000. Russell Investments Group Ltd. boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 127.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,617 shares of the company’s stock worth $142,000 after buying an additional 1,466 shares during the period. Brown Advisory Inc. purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth $228,000. Finally, Jump Financial LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth $2,915,000. 61.70% of the stock is currently owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 0.1%

NYSEARCA:SPMD opened at $65.98 on Friday. The business’s 50-day simple moving average is $66.12 and its two-hundred day simple moving average is $63.32. The stock has a market cap of $18.25 billion, a PE ratio of 4.63 and a beta of 1.00. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $53.73 and a 52 week high of $67.68.

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.