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

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMDGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $65.40 and last traded at $65.07, with a volume of 96509 shares traded. The stock had previously closed at $64.26.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.4%

The company has a market cap of $17.30 billion, a price-to-earnings ratio of 4.56 and a beta of 1.02. The firm has a 50-day moving average price of $61.38 and a 200 day moving average price of $59.96.

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

Several institutional investors have recently added to or reduced their stakes in SPMD. JPMorgan Chase & Co. lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 16.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 142,911 shares of the company’s stock worth $7,772,000 after buying an additional 20,429 shares during the last quarter. XTX Topco Ltd acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $206,000. Russell Investments Group Ltd. lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 127.4% in the second quarter. Russell Investments Group Ltd. now owns 2,617 shares of the company’s stock worth $142,000 after acquiring an additional 1,466 shares during the last quarter. Brown Advisory Inc. bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter worth about $228,000. Finally, Jump Financial LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at approximately $2,915,000. Institutional investors own 61.70% of the company’s stock.

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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