SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Hits New 52-Week High – Should You Buy?

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) shares reached a new 52-week high on Tuesday . The company traded as high as $68.42 and last traded at $68.38, with a volume of 116996 shares changing hands. The stock had previously closed at $67.97.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.4%

The firm has a market capitalization of $18.93 billion, a P/E ratio of 4.80 and a beta of 1.01. The stock’s 50-day simple moving average is $66.50 and its 200-day simple moving average is $63.70.

Institutional Investors Weigh In On SPDR Portfolio S&P 400 Mid Cap ETF

Several large investors have recently made changes to their positions in SPMD. Outlook Wealth Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 8,881 shares of the company’s stock worth $514,000 after acquiring an additional 160 shares during the period. Astoria Portfolio Advisors LLC. lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.8% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 6,258 shares of the company’s stock valued at $400,000 after acquiring an additional 172 shares during the period. CENTRAL TRUST Co increased its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 31.2% in the fourth quarter. CENTRAL TRUST Co now owns 731 shares of the company’s stock worth $42,000 after purchasing an additional 174 shares during the period. Kestra Advisory Services LLC lifted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 0.6% during the fourth quarter. Kestra Advisory Services LLC now owns 34,434 shares of the company’s stock worth $1,994,000 after purchasing an additional 189 shares during the period. Finally, Meridian Wealth Management LLC grew its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 4.9% during the fourth quarter. Meridian Wealth Management LLC now owns 4,363 shares of the company’s stock worth $253,000 after buying an additional 202 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other 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.