Valmark Advisers Inc. Purchases 173,551 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Valmark Advisers Inc. raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 2.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,215,287 shares of the company’s stock after buying an additional 173,551 shares during the period. SPDR Portfolio S&P 400 Mid Cap ETF makes up about 5.1% of Valmark Advisers Inc.’s portfolio, making the stock its 4th biggest holding. Valmark Advisers Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $427,289,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 20,429 shares during the period. XTX Topco Ltd purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $206,000. Russell Investments Group Ltd. increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 127.4% during the second quarter. Russell Investments Group Ltd. now owns 2,617 shares of the company’s stock worth $142,000 after purchasing an additional 1,466 shares during the period. Brown Advisory Inc. acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $228,000. Finally, Jump Financial LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $2,915,000. 61.70% of the stock is owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

Shares of NYSEARCA SPMD traded down $0.05 during midday trading on Friday, hitting $66.29. The company’s stock had a trading volume of 1,339,991 shares, compared to its average volume of 2,655,365. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of 4.66 and a beta of 1.00. The business’s fifty day simple moving average is $65.50 and its two-hundred day simple moving average is $62.58. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $53.73 and a 1 year 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.