Exchange Capital Management Inc. Acquires 29,527 Shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)

Exchange Capital Management Inc. boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 18.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,370 shares of the company’s stock after purchasing an additional 29,527 shares during the quarter. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 1.6% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 14th largest holding. Exchange Capital Management Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $10,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Arlington Trust Co LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth approximately $216,000. Mainstream Capital Management LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at $266,000. Flow Traders U.S. LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at about $292,000. Creative Financial Designs Inc. ADV lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 52.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,326 shares of the company’s stock worth $346,000 after acquiring an additional 2,164 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter valued at $406,000.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

SPMD stock opened at $54.33 on Tuesday. SPDR Portfolio S&P 400 Mid Cap ETF has a 1-year low of $49.12 and a 1-year high of $59.94. The business has a fifty day moving average price of $55.85 and a 200-day moving average price of $55.45. The stock has a market capitalization of $12.45 billion, a P/E ratio of 19.25 and a beta of 1.13.

SPDR Portfolio S&P 400 Mid Cap ETF 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.