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

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) saw an uptick in trading volume on Wednesday . 1,422,790 shares changed hands during mid-day 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 Trading Down 0.3 %

The stock has a market capitalization of $10.68 billion, a PE ratio of 16.59 and a beta of 1.08. The business’s 50-day moving average is $56.74 and its two-hundred day moving average is $54.48.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at about $60,000. M&R Capital Management Inc. lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 70.4% in the 3rd quarter. M&R Capital Management Inc. now owns 2,096 shares of the company’s stock worth $115,000 after purchasing an additional 866 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter valued at $211,000. Arlington Trust Co LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth about $216,000. Finally, Mainstream Capital Management LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth about $266,000.

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.