SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Reaches New 1-Year High – Here’s Why

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $63.54 and last traded at $62.80, with a volume of 2197251 shares changing hands. The stock had previously closed at $62.97.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 4.39 and a beta of 1.07. The company has a 50-day simple moving average of $60.20 and a two-hundred day simple moving average of $57.99.

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

Several hedge funds have recently bought and sold shares of SPMD. Arete Wealth Advisors LLC grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 4.8% in the 4th quarter. Arete Wealth Advisors LLC now owns 12,954 shares of the company’s stock worth $750,000 after purchasing an additional 595 shares during the last quarter. Jacobi Capital Management LLC boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.6% during the fourth quarter. Jacobi Capital Management LLC now owns 55,868 shares of the company’s stock worth $3,235,000 after buying an additional 2,979 shares during the period. Kestra Advisory Services LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 0.6% in the 4th quarter. Kestra Advisory Services LLC now owns 34,434 shares of the company’s stock worth $1,994,000 after buying an additional 189 shares in the last quarter. CreativeOne Wealth LLC increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 6.2% in the 4th quarter. CreativeOne Wealth LLC now owns 28,170 shares of the company’s stock valued at $1,631,000 after acquiring an additional 1,656 shares during the period. Finally, UMB Bank n.a. bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter valued at $95,000. 61.70% of the stock is currently owned by institutional investors.

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.