SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Stock Price Down 1.1% – Here’s What Happened

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)’s stock price traded down 1.1% during mid-day trading on Tuesday . The stock traded as low as $65.23 and last traded at $65.35. Approximately 1,473,442 shares traded hands during trading, a decline of 38% from the average daily volume of 2,370,674 shares. The stock had previously closed at $66.05.

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

The company’s fifty day moving average is $66.84 and its two-hundred day moving average is $64.27. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 4.59 and a beta of 1.01.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% in the 3rd quarter. Creative Planning now owns 87,966,062 shares of the company’s stock valued at $5,030,779,000 after acquiring an additional 4,903,905 shares during the last quarter. Auto Owners Insurance Co boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% during the 4th quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock worth $4,461,016,000 after acquiring an additional 75,993,600 shares during the last quarter. LPL Financial LLC boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 1.4% during the 4th quarter. LPL Financial LLC now owns 12,844,472 shares of the company’s stock worth $743,823,000 after acquiring an additional 173,911 shares during the last quarter. Morgan Stanley grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% during the fourth quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock valued at $568,923,000 after purchasing an additional 6,634,293 shares during the period. Finally, Valmark Advisers Inc. grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 2.5% during the first quarter. Valmark Advisers Inc. now owns 7,215,287 shares of the company’s stock valued at $427,289,000 after purchasing an additional 173,551 shares during the period. Institutional investors 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.