SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Reaches New 12-Month Low – Here’s Why

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) reached a new 52-week low during trading on Thursday . The company traded as low as $48.86 and last traded at $49.13, with a volume of 2409543 shares. The stock had previously closed at $52.27.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Down 6.7 %

The stock’s fifty day moving average is $54.12 and its two-hundred day moving average is $55.32. The company has a market capitalization of $11.50 billion, a PE ratio of 18.28 and a beta of 1.14.

SPDR Portfolio S&P 400 Mid Cap ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were paid a $0.1796 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ameriflex Group Inc. bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth about $34,000. Millstone Evans Group LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter valued at approximately $49,000. Coppell Advisory Solutions LLC boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 1,231.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 932 shares of the company’s stock worth $51,000 after buying an additional 862 shares during the period. Mascagni Wealth Management Inc. purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter valued at approximately $55,000. Finally, SBI Securities Co. Ltd. purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter valued at approximately $64,000.

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.