SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Reaches New 1-Year High – Here’s Why

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $680.63 and last traded at $677.1950, with a volume of 72900 shares trading hands. The stock had previously closed at $668.83.

SPDR S&P MidCap 400 ETF Trust Stock Up 1.5%

The firm has a market capitalization of $26.67 billion, a price-to-earnings ratio of 18.98 and a beta of 1.02. The stock’s 50 day moving average price is $637.95 and its two-hundred day moving average price is $623.04.

Hedge Funds Weigh In On SPDR S&P MidCap 400 ETF Trust

A number of institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 12.6% in the 4th quarter. Brighton Jones LLC now owns 2,040 shares of the exchange traded fund’s stock valued at $1,162,000 after purchasing an additional 228 shares during the period. AQR Capital Management LLC lifted its position in SPDR S&P MidCap 400 ETF Trust by 27.9% during the 1st quarter. AQR Capital Management LLC now owns 6,417 shares of the exchange traded fund’s stock valued at $3,423,000 after purchasing an additional 1,401 shares during the period. Integrated Wealth Concepts LLC lifted its position in SPDR S&P MidCap 400 ETF Trust by 4.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,023 shares of the exchange traded fund’s stock valued at $546,000 after purchasing an additional 42 shares during the period. Walleye Capital LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter valued at about $317,000. Finally, Jump Financial LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter valued at about $2,495,000.

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.