SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Shares Down 0.3% – Should You Sell?

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

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

The firm has a fifty day moving average of $56.72 and a 200-day moving average of $54.36. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 16.59 and a beta of 1.08.

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

Large investors have recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $60,000. M&R Capital Management Inc. lifted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 70.4% during 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 period. Arlington Trust Co LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth $216,000. Finally, Marshall Wace LLP acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at $211,000.

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.