Towercrest Capital Management Has $2.42 Million Holdings in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)

Towercrest Capital Management cut its stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,225 shares of the company’s stock after selling 841 shares during the period. Towercrest Capital Management’s holdings in SPDR Portfolio S&P 400 Mid Cap ETF were worth $2,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinkerton Retirement Specialists LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter worth about $18,573,000. Farther Finance Advisors LLC lifted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 110.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 162,575 shares of the company’s stock worth $8,265,000 after buying an additional 85,419 shares in the last quarter. Exchange Capital Management Inc. lifted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 805.3% during the 1st quarter. Exchange Capital Management Inc. now owns 84,917 shares of the company’s stock worth $4,529,000 after buying an additional 75,537 shares in the last quarter. Lynx Investment Advisory bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth about $3,075,000. Finally, North Star Asset Management Inc. lifted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 16.2% during the 2nd quarter. North Star Asset Management Inc. now owns 344,009 shares of the company’s stock worth $17,648,000 after buying an additional 47,980 shares in the last quarter.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

NYSEARCA:SPMD traded down $0.71 on Friday, hitting $51.64. 1,165,650 shares of the company’s stock were exchanged, compared to its average volume of 1,120,723. The firm has a 50-day moving average price of $52.60 and a 200-day moving average price of $51.94. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $40.67 and a 52 week high of $55.12. The company has a market cap of $10.07 billion, a P/E ratio of 16.59 and a beta of 1.08.

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.