Sumitomo Mitsui Trust Group Inc. Has $5.97 Million Stake in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 17.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,700 shares of the company’s stock after purchasing an additional 16,400 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $5,965,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPMD. Golden State Wealth Management LLC increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 32.0% during the 1st quarter. Golden State Wealth Management LLC now owns 68,684 shares of the company’s stock valued at $3,515,000 after purchasing an additional 16,670 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 113.6% during the 1st quarter. Bank of New York Mellon Corp now owns 16,980 shares of the company’s stock valued at $869,000 after purchasing an additional 9,029 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter valued at $13,505,000. Exchange Capital Management Inc. increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 9.3% during the 1st quarter. Exchange Capital Management Inc. now owns 205,914 shares of the company’s stock valued at $10,539,000 after purchasing an additional 17,544 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter valued at $26,000. 61.70% of the stock is owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

SPMD stock opened at $57.18 on Thursday. The business has a fifty day moving average price of $57.24 and a 200 day moving average price of $54.77. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $43.99 and a fifty-two week high of $59.94. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of 4.02 and a beta of 1.07.

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.