Abound Financial LLC Buys Shares of 162,675 SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)

Abound Financial LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 162,675 shares of the company’s stock, valued at approximately $8,897,000. SPDR Portfolio S&P 400 Mid Cap ETF comprises 4.5% of Abound Financial LLC’s investment portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPMD. Crews Bank & Trust bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth about $20,641,000. Ellenbecker Investment Group bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth about $7,130,000. Farther Finance Advisors LLC grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 44.9% during the third quarter. Farther Finance Advisors LLC now owns 235,563 shares of the company’s stock worth $12,881,000 after purchasing an additional 72,988 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth about $3,112,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth about $2,845,000.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

Shares of SPMD stock opened at $54.42 on Friday. The business’s 50 day simple moving average is $55.91 and its 200 day simple moving average is $55.40. SPDR Portfolio S&P 400 Mid Cap ETF has a one year low of $49.12 and a one year high of $59.94. The stock has a market capitalization of $12.47 billion, a PE 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.