SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Reaches New 1-Year High – Time to Buy?

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.72 and last traded at $67.71, with a volume of 655441 shares. The stock had previously closed at $66.69.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

The stock has a market capitalization of $18.79 billion, a P/E ratio of 4.77 and a beta of 1.00. The firm has a 50-day moving average price of $66.17 and a 200 day moving average price of $63.38.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ascentis Independent Advisors bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter valued at approximately $29,000. Realta Investment Advisors lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 196.5% in the 1st quarter. Realta Investment Advisors now owns 513 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares during the last quarter. Stone House Investment Management LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% in the 4th quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock worth $31,000 after acquiring an additional 197 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter valued at $31,000. Finally, Optima Capital LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

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.