Abich Financial Wealth Management LLC Buys New Position in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Abich Financial Wealth Management LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 315,310 shares of the company’s stock, valued at approximately $18,033,000. SPDR Portfolio S&P 400 Mid Cap ETF makes up approximately 6.4% of Abich Financial Wealth Management LLC’s holdings, making the stock its 5th largest holding. Abich Financial Wealth Management LLC owned approximately 0.13% of SPDR Portfolio S&P 400 Mid Cap ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPMD. Flagship Private Wealth LLC increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 2.2% in the third quarter. Flagship Private Wealth LLC now owns 8,430 shares of the company’s stock valued at $482,000 after acquiring an additional 178 shares during the last quarter. Meridian Wealth Management LLC boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.9% in the 3rd quarter. Meridian Wealth Management LLC now owns 4,161 shares of the company’s stock worth $238,000 after purchasing an additional 196 shares in the last quarter. Rothschild Investment LLC increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 37.4% during the 2nd quarter. Rothschild Investment LLC now owns 727 shares of the company’s stock valued at $40,000 after purchasing an additional 198 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 11,528 shares of the company’s stock valued at $659,000 after purchasing an additional 199 shares during the last quarter. Finally, HBK Sorce Advisory LLC raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.8% during the 3rd quarter. HBK Sorce Advisory LLC now owns 11,890 shares of the company’s stock valued at $686,000 after buying an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

Shares of SPMD opened at $61.91 on Friday. The firm has a market cap of $16.24 billion, a P/E ratio of 4.35 and a beta of 1.07. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $43.99 and a 1 year high of $63.65. The stock has a 50 day simple moving average of $60.12 and a two-hundred day simple moving average of $57.95.

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.