Axxcess Wealth Management LLC Purchases 28,377 Shares of SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Axxcess Wealth Management LLC grew its position in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 172.6% during the fourth quarter, HoldingsChannel reports. The firm owned 44,817 shares of the company’s stock after buying an additional 28,377 shares during the quarter. Axxcess Wealth Management LLC’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $2,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SPMD. Ballast Advisors LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter valued at approximately $26,000. Crewe Advisors LLC raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% in the fourth quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock valued at $31,000 after purchasing an additional 182 shares during the period. Stone House Investment Management LLC raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% in the fourth quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock valued at $31,000 after purchasing an additional 197 shares during the period. Elyxium Wealth LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the fourth quarter valued at approximately $31,000. Finally, Optima Capital LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the fourth quarter valued at approximately $33,000. Institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of SPMD stock opened at $64.45 on Monday. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $51.63 and a 1 year high of $65.85. The firm’s fifty day simple moving average is $61.89 and its 200 day simple moving average is $60.48. The firm has a market capitalization of $17.19 billion, a P/E ratio of 4.53 and a beta of 1.02.

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.