SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sees Unusually-High Trading Volume – What’s Next?

Shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) saw unusually-strong trading volume on Wednesday . Approximately 1,422,790 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 1,395,858 shares.The stock last traded at $54.71 and had previously closed at $54.98.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

The business’s 50 day moving average is $56.76 and its two-hundred day moving average is $54.49. The firm has a market capitalization of $10.59 billion, a PE ratio of 16.59 and a beta of 1.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter worth $60,000. M&R Capital Management Inc. raised its stake 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 worth $115,000 after buying an additional 866 shares in the last quarter. Marshall Wace LLP bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter worth about $211,000. Arlington Trust Co LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter worth about $216,000. Finally, Mainstream Capital Management LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter worth about $266,000.

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.