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

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $62.37 and last traded at $62.2890, with a volume of 295309 shares. The stock had previously closed at $60.99.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

The firm has a market cap of $16.45 billion, a price-to-earnings ratio of 4.40 and a beta of 1.07. The business’s 50-day moving average price is $59.64 and its two-hundred day moving average price is $57.72.

Institutional Investors Weigh In On SPDR Portfolio S&P 400 Mid Cap ETF

Hedge funds have recently made changes to their positions in the business. ORG Partners LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $25,000. Ballast Advisors LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at about $26,000. Compass Financial Services Inc purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth about $30,000. Crewe Advisors LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% during the 4th quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock worth $31,000 after acquiring an additional 182 shares during the period. Finally, Stone House Investment Management LLC boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% in the fourth 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. Institutional investors and hedge funds 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.