SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $62.02 and last traded at $61.6750, with a volume of 5713773 shares changing hands. The stock had previously closed at $60.62.
SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance
The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 4.33 and a beta of 1.07. The firm has a fifty day moving average price of $58.53 and a 200-day moving average price of $57.28.
Hedge Funds Weigh In On SPDR Portfolio S&P 400 Mid Cap ETF
Several hedge funds have recently bought and sold shares of SPMD. Creative Planning lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the 3rd quarter. Creative Planning now owns 87,966,062 shares of the company’s stock worth $5,030,779,000 after acquiring an additional 4,903,905 shares during the period. Valmark Advisers Inc. increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 2.9% in the third quarter. Valmark Advisers Inc. now owns 6,837,085 shares of the company’s stock valued at $391,013,000 after acquiring an additional 193,168 shares during the last quarter. CWM LLC raised its position in SPDR Portfolio S&P 400 Mid Cap ETF by 0.7% during the third quarter. CWM LLC now owns 4,728,484 shares of the company’s stock valued at $270,422,000 after purchasing an additional 33,612 shares in the last quarter. HighTower Advisors LLC lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 3.9% during the third quarter. HighTower Advisors LLC now owns 3,332,046 shares of the company’s stock worth $190,560,000 after purchasing an additional 125,678 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 17.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,169,751 shares of the company’s stock valued at $181,278,000 after purchasing an additional 471,708 shares in the last quarter. 61.70% of the stock is owned by institutional investors.
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.
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