SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Hits New 12-Month High – Still a Buy?

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) shares hit a new 52-week high on Friday . The stock traded as high as $62.37 and last traded at $62.2890, with a volume of 295309 shares trading hands. The stock had previously closed at $60.99.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

The stock has a market cap of $16.51 billion, a PE ratio of 4.42 and a beta of 1.07. The firm has a fifty day moving average price of $59.74 and a 200 day moving average price of $57.78.

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. ORG Partners LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter valued at $25,000. Ballast Advisors LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth about $26,000. Compass Financial Services Inc purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter valued at approximately $30,000. Crewe Advisors LLC increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% in the fourth quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock valued at $31,000 after buying an additional 182 shares in the last quarter. Finally, Stone House Investment Management LLC increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% in the 4th quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock valued at $31,000 after purchasing an additional 197 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.