Retirement Financial Solutions LLC Acquires Shares of 281,292 SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Retirement Financial Solutions LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 281,292 shares of the company’s stock, valued at approximately $16,087,000. SPDR Portfolio S&P 400 Mid Cap ETF accounts for 9.8% of Retirement Financial Solutions LLC’s portfolio, making the stock its 2nd largest position.

Several other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter worth $30,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter valued at $32,000. Bernard Wealth Management Corp. bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at $32,000. Pineridge Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth about $37,000. Finally, Headlands Technologies LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth about $38,000. Institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of SPMD opened at $58.70 on Monday. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $43.99 and a fifty-two week high of $59.78. The firm’s 50-day simple moving average is $57.64 and its two-hundred day simple moving average is $56.75. The stock has a market cap of $15.21 billion, a PE ratio of 4.12 and a beta of 1.07.

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.