SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Hits New 12-Month High – Here’s What Happened

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) hit a new 52-week high during trading on Monday . The stock traded as high as $60.73 and last traded at $60.6790, with a volume of 735739 shares. The stock had previously closed at $60.64.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Up 0.2%

The stock’s 50-day moving average price is $57.93 and its 200 day moving average price is $56.99. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 4.27 and a beta of 1.07.

Hedge Funds Weigh In On SPDR Portfolio S&P 400 Mid Cap ETF

Several large investors have recently modified their holdings of SPMD. ORG Partners LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $25,000. Ballast Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at approximately $26,000. Compass Financial Services Inc acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at $30,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth about $32,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at $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.