Shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD – Get Free Report) fell 1.1% during mid-day trading on Tuesday . The stock traded as low as $65.23 and last traded at $65.35. 1,473,442 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 2,370,674 shares. The stock had previously closed at $66.05.
SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.8%
The stock has a 50 day simple moving average of $66.83 and a 200 day simple moving average of $64.29. The stock has a market cap of $18.36 billion, a P/E ratio of 4.66 and a beta of 1.01.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the 1st quarter worth about $29,000. Realta Investment Advisors raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 196.5% during the first quarter. Realta Investment Advisors now owns 513 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares during the period. Elyxium Wealth LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 62.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 593 shares of the company’s stock worth $35,000 after purchasing an additional 228 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth about $38,000. 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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