SPDR Portfolio S&P 400 Mid Cap ETF $SPMD Stock: Cornerstone Wealth Management LLC Lowers Stake

Cornerstone Wealth Management LLC cut its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,098,678 shares of the company’s stock after selling 9,278 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF accounts for approximately 2.9% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $69,261,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Greenleaf Trust bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at about $65,741,000. RKL Wealth Management LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at about $51,083,000. AlphaStar Capital Management LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth about $49,888,000. TSG Advice Partners LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth about $36,565,000. Finally, International City Management Association Retirement Corp bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth about $23,899,000. 61.70% of the stock is owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Down 0.4%

Shares of NYSEARCA:SPMD opened at $64.95 on Wednesday. The firm’s 50 day moving average is $64.34 and its two-hundred day moving average is $64.09. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $54.53 and a 52 week high of $68.97. The firm has a market capitalization of $18.93 billion, a P/E ratio of 4.56 and a beta of 1.01.

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.