SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Reaches New 1-Year High – Time to Buy?

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)’s stock price hit a new 52-week high on Friday . The stock traded as high as $58.56 and last traded at $58.55, with a volume of 483465 shares traded. The stock had previously closed at $57.67.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 1.5 %

The business has a 50 day moving average price of $55.32 and a 200 day moving average price of $53.34. The company has a market capitalization of $11.41 billion, a P/E ratio of 16.59 and a beta of 1.08.

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

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter valued at $297,000. Hudson Valley Investment Advisors Inc. ADV lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 11.5% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 11,248 shares of the company’s stock worth $541,000 after acquiring an additional 1,161 shares during the period. Curbstone Financial Management Corp lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 4.3% in the second quarter. Curbstone Financial Management Corp now owns 16,950 shares of the company’s stock valued at $870,000 after buying an additional 700 shares during the period. ST Germain D J Co. Inc. raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 9.7% during the second quarter. ST Germain D J Co. Inc. now owns 299,337 shares of the company’s stock worth $15,356,000 after purchasing an additional 26,528 shares during the period. Finally, Marathon Strategic Advisors LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 3.8% during the second quarter. Marathon Strategic Advisors LLC now owns 119,870 shares of the company’s stock worth $6,149,000 after buying an additional 4,435 shares in 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.