SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sets New 1-Year High – Should You Buy?

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMDGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $57.59 and last traded at $57.32, with a volume of 315225 shares traded. The stock had previously closed at $55.34.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Up 4.2 %

The business has a 50-day moving average of $54.25 and a 200-day moving average of $52.82. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 16.59 and a beta of 1.08.

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

Large investors have recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at about $30,000. WR Wealth Planners LLC lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 75.4% in the second quarter. WR Wealth Planners LLC now owns 607 shares of the company’s stock valued at $31,000 after buying an additional 261 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter worth about $60,000. M&R Capital Management Inc. grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 70.4% in the 3rd quarter. M&R Capital Management Inc. now owns 2,096 shares of the company’s stock worth $115,000 after purchasing an additional 866 shares in the last quarter. Finally, Whittier Trust Co. grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 185.1% during the 1st quarter. Whittier Trust Co. now owns 2,751 shares of the company’s stock valued at $147,000 after acquiring an additional 1,786 shares during the period.

SPDR Portfolio S&P 400 Mid Cap ETF Company Profile

(Get Free Report)

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.

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