SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Sets New 52-Week High – Here’s What Happened

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) reached a new 52-week high on Monday . The company traded as high as $632.33 and last traded at $631.7430, with a volume of 370784 shares changing hands. The stock had previously closed at $631.38.

SPDR S&P MidCap 400 ETF Trust Stock Performance

The firm has a market capitalization of $25.12 billion, a P/E ratio of 18.98 and a beta of 1.06. The firm has a 50-day moving average of $603.24 and a 200-day moving average of $593.62.

Institutional Trading of SPDR S&P MidCap 400 ETF Trust

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in SPDR S&P MidCap 400 ETF Trust by 2.8% during the 3rd quarter. Larson Financial Group LLC now owns 657 shares of the exchange traded fund’s stock valued at $392,000 after purchasing an additional 18 shares during the period. Measured Risk Portfolios Inc. lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 2.7% in the 2nd quarter. Measured Risk Portfolios Inc. now owns 716 shares of the exchange traded fund’s stock worth $406,000 after buying an additional 19 shares during the period. Hazlett Burt & Watson Inc. grew its position in shares of SPDR S&P MidCap 400 ETF Trust by 5.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 377 shares of the exchange traded fund’s stock worth $213,000 after buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 3.6% during the second quarter. Bank of Jackson Hole Trust now owns 541 shares of the exchange traded fund’s stock valued at $306,000 after buying an additional 19 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 10.0% during the third quarter. Assetmark Inc. now owns 209 shares of the exchange traded fund’s stock valued at $125,000 after acquiring an additional 19 shares in the last quarter.

About SPDR S&P MidCap 400 ETF Trust

SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.