SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sets New 52-Week High – Here’s Why

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $55.22 and last traded at $55.20, with a volume of 266097 shares. The stock had previously closed at $54.35.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

The company has a market capitalization of $10.77 billion, a PE ratio of 16.59 and a beta of 1.08. The stock has a 50 day moving average price of $53.23 and a two-hundred day moving average price of $52.38.

Institutional Trading of SPDR Portfolio S&P 400 Mid Cap ETF

Several institutional investors have recently modified their holdings of SPMD. Rothschild Investment LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $30,000. WR Wealth Planners LLC raised its position in shares of 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 purchasing an additional 261 shares during the period. M&R Capital Management Inc. increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 36.3% during the first quarter. M&R Capital Management Inc. now owns 1,078 shares of the company’s stock worth $57,000 after acquiring an additional 287 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $60,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 1st quarter valued at about $105,000.

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.