SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sees Large Volume Increase – Here’s Why

Shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) saw unusually-high trading volume on Wednesday . Approximately 1,422,790 shares traded hands during trading, an increase of 2% from the previous session’s volume of 1,395,858 shares.The stock last traded at $54.71 and had previously closed at $54.98.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

The firm’s fifty day simple moving average is $56.74 and its 200 day simple moving average is $54.48. The firm has a market cap of $10.68 billion, a P/E ratio of 16.59 and a beta of 1.08.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at about $60,000. Johnson Investment Counsel Inc. grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 4.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 7,354 shares of the company’s stock worth $377,000 after purchasing an additional 304 shares during the period. Summit Trail Advisors LLC lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 18.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 12,618 shares of the company’s stock valued at $647,000 after purchasing an additional 1,981 shares during the period. Marshall Wace LLP purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth $211,000. Finally, M&R Capital Management Inc. grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 70.4% during the third quarter. M&R Capital Management Inc. now owns 2,096 shares of the company’s stock valued at $115,000 after buying an additional 866 shares during the period.

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.