Zacks Investment Research
Should State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) Be on Your Investing Radar?
SPMD, a passively managed mid-cap blend ETF with $18.23 billion in assets, offers broad exposure to mid-cap companies with an extremely low expense ratio of 0.03%. The fund has gained 11.54% year-to-date and 12.4% over the past year, with heavy allocation to Industrials (23.4%), Information Technology, and Financials sectors. It received a Zacks ETF Rank of 1 (Strong Buy) and is positioned as an excellent option for long-term investors seeking diversified mid-cap exposure.
