SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Get Free Report)’s stock price dropped 1.1% during trading on Tuesday . The stock traded as low as $65.23 and last traded at $65.35. Approximately 1,473,442 shares traded hands during trading, a decline of 38% from the average daily volume of 2,370,674 shares. The stock had previously closed at $66.05.
SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 1.1%
The stock has a market cap of $18.08 billion, a PE ratio of 4.59 and a beta of 1.01. The company’s fifty day moving average is $66.84 and its 200 day moving average is $64.27.
Hedge Funds Weigh In On SPDR Portfolio S&P 400 Mid Cap ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 23.1% during the first quarter. Fifth Third Bancorp now owns 283,790 shares of the company’s stock worth $16,806,000 after buying an additional 53,264 shares in the last quarter. Jordan Park Group LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter valued at $504,000. TPG Financial Advisors LLC raised its position in SPDR Portfolio S&P 400 Mid Cap ETF by 15.3% in the 4th quarter. TPG Financial Advisors LLC now owns 206,071 shares of the company’s stock valued at $11,934,000 after purchasing an additional 27,392 shares during the last quarter. Waverly Advisors LLC raised its position in SPDR Portfolio S&P 400 Mid Cap ETF by 12.4% in the 1st quarter. Waverly Advisors LLC now owns 467,052 shares of the company’s stock valued at $27,659,000 after purchasing an additional 51,578 shares during the last quarter. Finally, Marathon Strategic Advisors LLC boosted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 8.5% in the first quarter. Marathon Strategic Advisors LLC now owns 326,708 shares of the company’s stock worth $19,348,000 after purchasing an additional 25,476 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.
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.
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