SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sets New 52-Week High – Time to Buy?

Shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) reached a new 52-week high during trading on Friday . The stock traded as high as $66.65 and last traded at $66.30, with a volume of 231659 shares traded. The stock had previously closed at $66.20.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.8%

The business has a 50 day simple moving average of $63.71 and a two-hundred day simple moving average of $61.38. The company has a market cap of $17.80 billion, a PE ratio of 4.69 and a beta of 1.01.

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

Several large investors have recently added to or reduced their stakes in the business. Outlook Wealth Advisors LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 1.8% in the 4th quarter. Outlook Wealth Advisors LLC now owns 8,881 shares of the company’s stock valued at $514,000 after buying an additional 160 shares during the period. Worth Financial Advisory Group LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.1% during the 4th quarter. Worth Financial Advisory Group LLC now owns 15,364 shares of the company’s stock worth $890,000 after acquiring an additional 163 shares during the period. Astoria Portfolio Advisors LLC. boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.8% in the first quarter. Astoria Portfolio Advisors LLC. now owns 6,258 shares of the company’s stock worth $400,000 after acquiring an additional 172 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 31.2% in the fourth quarter. CENTRAL TRUST Co now owns 731 shares of the company’s stock worth $42,000 after acquiring an additional 174 shares during the last quarter. Finally, Aspire Private Capital LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 0.3% in the fourth quarter. Aspire Private Capital LLC now owns 53,946 shares of the company’s stock valued at $3,124,000 after purchasing an additional 175 shares during the period. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

About SPDR Portfolio S&P 400 Mid Cap ETF

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.