MMA Asset Management LLC Makes New $1.98 Million Investment in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)

MMA Asset Management LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 36,157 shares of the company’s stock, valued at approximately $1,977,000. SPDR Portfolio S&P 400 Mid Cap ETF makes up about 0.9% of MMA Asset Management LLC’s portfolio, making the stock its 24th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arlington Trust Co LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at approximately $216,000. Mainstream Capital Management LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at approximately $266,000. Flow Traders U.S. LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at approximately $292,000. Fisher Asset Management LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter valued at approximately $320,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 52.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,326 shares of the company’s stock valued at $346,000 after acquiring an additional 2,164 shares in the last quarter.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Up 1.1 %

Shares of NYSEARCA:SPMD opened at $54.33 on Friday. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 19.25 and a beta of 1.13. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $49.12 and a 52 week high of $59.94. The firm has a 50 day moving average of $55.77 and a 200 day moving average of $55.50.

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.