ARQ Wealth Advisors LLC Sells 40,159 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

ARQ Wealth Advisors LLC reduced its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 36.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,408 shares of the company’s stock after selling 40,159 shares during the period. ARQ Wealth Advisors LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $4,084,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SPMD. ORG Partners LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at $25,000. Ballast Advisors LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter valued at about $32,000. Bernard Wealth Management Corp. purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 145.8% during the third quarter. EverSource Wealth Advisors LLC now owns 590 shares of the company’s stock valued at $34,000 after buying an additional 350 shares during the period. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.9%

Shares of SPDR Portfolio S&P 400 Mid Cap ETF stock opened at $59.65 on Wednesday. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $43.99 and a 12-month high of $63.67. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 4.19 and a beta of 1.07. The company’s 50-day moving average price is $61.42 and its 200-day moving average price is $58.90.

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.