SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Hits New 1-Year High – What’s Next?

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $62.02 and last traded at $61.6750, with a volume of 5713773 shares traded. The stock had previously closed at $60.62.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 1.8%

The company’s 50-day moving average is $58.53 and its 200 day moving average is $57.28. The firm has a market cap of $16.14 billion, a PE ratio of 4.33 and a beta of 1.07.

Institutional Trading of SPDR Portfolio S&P 400 Mid Cap ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at $25,000. Ballast Advisors LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter worth about $26,000. Compass Financial Services Inc purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter valued at about $30,000. Crewe Advisors LLC increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% in the 4th 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. Finally, Stone House Investment Management LLC increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% in the 4th 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. Institutional investors and hedge funds own 61.70% of the company’s stock.

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.