SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sees Strong Trading Volume – What’s Next?

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) shares saw an uptick in trading volume on Wednesday . 1,422,790 shares changed hands during trading, an increase of 2% from the previous session’s volume of 1,395,858 shares.The stock last traded at $54.71 and had previously closed at $54.98.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

The business’s 50-day moving average price is $56.76 and its two-hundred day moving average price is $54.49. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 16.59 and a beta of 1.08.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $60,000. M&R Capital Management Inc. grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 70.4% during the third quarter. M&R Capital Management Inc. now owns 2,096 shares of the company’s stock worth $115,000 after acquiring an additional 866 shares during the period. Marshall Wace LLP acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $211,000. Arlington Trust Co LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $216,000. Finally, Mainstream Capital Management LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $266,000.

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.