SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sets New 52-Week Low – Here’s Why

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) hit a new 52-week low during trading on Friday . The stock traded as low as $68.31 and last traded at $70.10, with a volume of 38318 shares trading hands. The stock had previously closed at $72.91.

SPDR S&P 400 Mid Cap Value ETF Stock Down 4.7 %

The stock’s 50-day moving average price is $79.73 and its 200 day moving average price is $81.08. The company has a market cap of $2.15 billion, a P/E ratio of 16.80 and a beta of 1.17.

SPDR S&P 400 Mid Cap Value ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a dividend of $0.2455 per share. The ex-dividend date was Monday, March 24th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Park Avenue Securities LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 12.2% during the fourth quarter. Park Avenue Securities LLC now owns 11,920 shares of the company’s stock valued at $956,000 after buying an additional 1,292 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,758 shares of the company’s stock worth $1,173,000 after buying an additional 410 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 5.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 5,695 shares of the company’s stock worth $457,000 after buying an additional 283 shares during the period. Bill Few Associates Inc. boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 30.2% in the 4th quarter. Bill Few Associates Inc. now owns 11,109 shares of the company’s stock valued at $891,000 after buying an additional 2,577 shares in the last quarter. Finally, Norden Group LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 29.6% in the fourth quarter. Norden Group LLC now owns 3,998 shares of the company’s stock valued at $321,000 after acquiring an additional 913 shares during the period.

About SPDR S&P 400 Mid Cap Value ETF

SPDR S&P 400 Mid Cap Value ETF seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Value Index. The S&P MidCap 400 Value Index measures the performance of the mid-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio.