Wealth Enhancement Advisory Services LLC Lowers Holdings in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Wealth Enhancement Advisory Services LLC reduced its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 29.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 474,863 shares of the company’s stock after selling 198,801 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $27,119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPMD. ORG Partners LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth $25,000. Compass Financial Services Inc purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth $32,000. Bernard Wealth Management Corp. bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at about $32,000. Finally, Pineridge Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at about $37,000. Institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 1.8%

Shares of SPMD stock opened at $61.71 on Thursday. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 4.33 and a beta of 1.07. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $43.99 and a 12-month high of $62.02. The stock’s 50-day moving average price is $58.61 and its 200-day moving average price is $57.31.

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.