SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $95.31 and last traded at $95.28, with a volume of 16579 shares changing hands. The stock had previously closed at $94.36.
SPDR S&P 400 Mid Cap Value ETF Stock Performance
The business has a 50 day simple moving average of $90.36 and a 200-day simple moving average of $88.41. The stock has a market capitalization of $2.69 billion, a P/E ratio of 15.85 and a beta of 0.96.
Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 1.2% during the 4th quarter. LPL Financial LLC now owns 1,053,654 shares of the company’s stock valued at $89,192,000 after purchasing an additional 12,720 shares in the last quarter. Avantax Planning Partners Inc. boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 2.8% during the 1st quarter. Avantax Planning Partners Inc. now owns 918,268 shares of the company’s stock valued at $78,191,000 after purchasing an additional 24,826 shares in the last quarter. AE Wealth Management LLC boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 29.8% during the 4th quarter. AE Wealth Management LLC now owns 858,798 shares of the company’s stock valued at $72,697,000 after purchasing an additional 197,095 shares in the last quarter. Lutz Financial Services LLC boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 2.9% during the 1st quarter. Lutz Financial Services LLC now owns 805,859 shares of the company’s stock valued at $68,619,000 after purchasing an additional 22,421 shares in the last quarter. Finally, FAS Wealth Partners Inc. boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 2.4% during the 1st quarter. FAS Wealth Partners Inc. now owns 625,208 shares of the company’s stock valued at $53,236,000 after purchasing an additional 14,368 shares in the last quarter.
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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ CapitalMarket with market capitalizations between $850 million and $3.8 billion.
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