ETF Overview: The State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD), launched in 2005, is a passively managed fund with over $15 billion in assets, focusing on mid-cap blend stocks in the U.S. equity market.
Performance and Expenses: With an annual operating expense of just 0.03% and a 12-month trailing dividend yield of 1.37%, SPMD has shown a year-to-date increase of 6.83% and a slight decline of 0.72% over the past year.
Portfolio Composition: The ETF primarily invests in the Industrials sector (23.7% of the portfolio), with top holdings including Comfort Systems USA Inc, Pure Storage Inc, and Ciena Corp, while maintaining a diversified approach with about 405 holdings.
Market Position and Alternatives: SPMD holds a Zacks ETF Rank of 3 (Hold) and competes with similar ETFs like the Vanguard Mid-Cap ETF and iShares Core S&P Mid-Cap ETF, which have larger asset bases and slightly higher expense ratios.
Wall Street analysts forecast SPMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPMD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast SPMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPMD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 61.710
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Current: 61.710
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
