SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sees Unusually-High Trading Volume

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) shares saw strong trading volume on Friday . 999,071 shares traded hands during mid-day trading, a decline of 21% from the previous session’s volume of 1,267,794 shares.The stock last traded at $49.73 and had previously closed at $49.54.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Up 0.3 %

The stock has a 50-day moving average of $51.18 and a 200 day moving average of $47.60. The stock has a market cap of $9.49 billion, a PE ratio of 15.94 and a beta of 1.11.

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

Hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 22.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,847 shares of the company’s stock valued at $90,000 after purchasing an additional 342 shares during the last quarter. M&R Capital Management Inc. raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 102.8% during the 4th quarter. M&R Capital Management Inc. now owns 791 shares of the company’s stock valued at $39,000 after buying an additional 401 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 7.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 5,796 shares of the company’s stock valued at $282,000 after acquiring an additional 377 shares during the last quarter. IFG Advisory LLC grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 1.6% in the fourth quarter. IFG Advisory LLC now owns 103,943 shares of the company’s stock worth $5,064,000 after acquiring an additional 1,625 shares during the period. Finally, Avior Wealth Management LLC increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 66.6% during the third quarter. Avior Wealth Management LLC now owns 14,571 shares of the company’s stock worth $638,000 after acquiring an additional 5,826 shares during the last quarter.

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.