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

Abich Financial Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 315,310 shares of the company’s stock, valued at approximately $18,033,000. SPDR Portfolio S&P 400 Mid Cap ETF comprises about 6.4% of Abich Financial Wealth Management LLC’s portfolio, making the stock its 5th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter valued at approximately $25,000. Compass Financial Services Inc acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth $32,000. Bernard Wealth Management Corp. acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth $32,000. Finally, Guerra Advisors Inc purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at $35,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 1.4%

Shares of NYSEARCA SPMD opened at $61.91 on Friday. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 4.35 and a beta of 1.07. The company’s 50-day simple moving average is $60.12 and its 200-day simple moving average is $57.95. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $43.99 and a 52-week high of $63.65.

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.