Richardson Financial Services Inc. Buys New Stake in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)

Richardson Financial Services Inc. bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,998 shares of the company’s stock, valued at approximately $1,023,000. SPDR Portfolio S&P 400 Mid Cap ETF makes up 0.9% of Richardson Financial Services Inc.’s portfolio, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. M&R Capital Management Inc. lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 102.8% in the 4th quarter. M&R Capital Management Inc. now owns 791 shares of the company’s stock worth $39,000 after buying an additional 401 shares in the last quarter. Hexagon Capital Partners LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter worth about $43,000. AdvisorNet Financial Inc increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 22.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,847 shares of the company’s stock worth $90,000 after purchasing an additional 342 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter worth about $181,000. Finally, Grey Fox Wealth Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter worth about $256,000.

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

Shares of SPMD traded down $0.55 during midday trading on Friday, hitting $50.95. The company had a trading volume of 2,167,103 shares, compared to its average volume of 1,171,377. The company’s 50 day moving average price is $51.57 and its 200 day moving average price is $50.10. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 16.59 and a beta of 1.08. SPDR Portfolio S&P 400 Mid Cap ETF has a 52 week low of $40.67 and a 52 week high of $53.56.

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.