SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sets New 52-Week High – Here’s Why

Shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) reached a new 52-week high on Tuesday . The company traded as high as $59.79 and last traded at $59.7850, with a volume of 986266 shares. The stock had previously closed at $59.47.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Up 1.3%

The firm has a fifty day moving average of $57.67 and a 200-day moving average of $56.80. The firm has a market cap of $15.63 billion, a P/E ratio of 4.23 and a beta of 1.07.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. ORG Partners LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth $25,000. Ballast Advisors LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $26,000. Compass Financial Services Inc acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth about $30,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at about $32,000. Finally, Bernard Wealth Management Corp. acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter worth $32,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Company 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.