SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sets New 12-Month High – Time to Buy?

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $95.80 and last traded at $95.80, with a volume of 3741 shares changing hands. The stock had previously closed at $94.54.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The company has a market cap of $2.77 billion, a price-to-earnings ratio of 15.85 and a beta of 0.96. The company’s 50 day moving average price is $92.38 and its 200-day moving average price is $89.79.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. WCG Wealth Advisors LLC increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 187.5% during the 4th quarter. WCG Wealth Advisors LLC now owns 240,820 shares of the company’s stock worth $20,386,000 after purchasing an additional 157,062 shares during the last quarter. Cooke Wealth Management LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 4th quarter valued at $1,650,000. JPMorgan Chase & Co. boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 100.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,510 shares of the company’s stock worth $3,713,000 after purchasing an additional 22,302 shares during the period. Elevated Capital Advisors LLC boosted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 41.2% in the fourth quarter. Elevated Capital Advisors LLC now owns 19,045 shares of the company’s stock valued at $1,612,000 after acquiring an additional 5,558 shares during the period. Finally, Moneco Advisors LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 51.6% in the 4th quarter. Moneco Advisors LLC now owns 89,334 shares of the company’s stock valued at $7,562,000 after purchasing an additional 30,421 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. 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.