SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Reaches New 12-Month Low – Here’s Why

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $48.86 and last traded at $49.13, with a volume of 2409543 shares trading hands. The stock had previously closed at $52.27.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Down 6.7 %

The firm has a market cap of $11.50 billion, a price-to-earnings ratio of 18.28 and a beta of 1.14. The stock’s 50 day moving average is $54.12 and its 200 day moving average is $55.32.

SPDR Portfolio S&P 400 Mid Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.1796 per share. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Crews Bank & Trust bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter valued at about $20,641,000. Cary Street Partners Financial LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth approximately $10,806,000. Abound Financial LLC bought a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the fourth quarter worth approximately $8,897,000. Ellenbecker Investment Group acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the fourth quarter worth approximately $7,130,000. Finally, BOKF NA bought a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the fourth quarter valued at $6,430,000.

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.