SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Trading Down 0.3% – What’s Next?

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)’s stock price was down 0.3% during trading on Thursday . The company traded as low as $54.37 and last traded at $54.55. Approximately 1,406,479 shares were traded during trading, an increase of 23% from the average daily volume of 1,142,627 shares. The stock had previously closed at $54.69.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Down 0.3 %

The company has a market capitalization of $10.63 billion, a P/E ratio of 16.59 and a beta of 1.08. The business’s fifty day moving average price is $56.72 and its 200 day moving average price is $54.36.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 4.7% during the 3rd quarter. Harbor Investment Advisory LLC now owns 6,020 shares of the company’s stock valued at $329,000 after purchasing an additional 270 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.3% in the second quarter. Johnson Investment Counsel Inc. now owns 7,354 shares of the company’s stock valued at $377,000 after acquiring an additional 304 shares during the last quarter. Sterling Investment Advisors Ltd. raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.1% in the second quarter. Sterling Investment Advisors Ltd. now owns 30,699 shares of the company’s stock valued at $1,575,000 after acquiring an additional 337 shares during the last quarter. Arkansas Financial Group Inc. boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.5% in the 3rd quarter. Arkansas Financial Group Inc. now owns 16,293 shares of the company’s stock worth $891,000 after acquiring an additional 405 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 2.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 19,674 shares of the company’s stock worth $1,011,000 after acquiring an additional 422 shares during the last quarter.

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.