SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Hits New 12-Month High – Here’s Why

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $57.59 and last traded at $57.32, with a volume of 315225 shares changing hands. The stock had previously closed at $55.34.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 4.2 %

The company has a market cap of $11.24 billion, a PE ratio of 16.59 and a beta of 1.08. The firm has a 50 day moving average of $54.25 and a two-hundred day moving average of $52.82.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at about $30,000. WR Wealth Planners LLC increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 75.4% during the second quarter. WR Wealth Planners LLC now owns 607 shares of the company’s stock worth $31,000 after acquiring an additional 261 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at about $60,000. M&R Capital Management Inc. boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 70.4% in the third quarter. M&R Capital Management Inc. now owns 2,096 shares of the company’s stock valued at $115,000 after purchasing an additional 866 shares during the last quarter. Finally, Whittier Trust Co. lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 185.1% during the 1st quarter. Whittier Trust Co. now owns 2,751 shares of the company’s stock worth $147,000 after buying an additional 1,786 shares during the last quarter.

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.