SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Strong Trading Volume – Here’s Why

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw an uptick in trading volume on Tuesday . 835,906 shares traded hands during mid-day trading, an increase of 227% from the previous session’s volume of 255,786 shares.The stock last traded at $80.66 and had previously closed at $80.20.

SPDR S&P 400 Mid Cap Value ETF Stock Up 0.7 %

The stock has a market capitalization of $2.78 billion, a PE ratio of 14.55 and a beta of 1.11. The stock’s 50 day moving average price is $82.96 and its 200-day moving average price is $79.38.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in SPDR S&P 400 Mid Cap Value ETF by 8.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 246,514 shares of the company’s stock worth $17,981,000 after acquiring an additional 18,401 shares in the last quarter. WealthPLAN Partners LLC lifted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 78.2% during the second quarter. WealthPLAN Partners LLC now owns 8,730 shares of the company’s stock valued at $637,000 after buying an additional 3,831 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 12.7% in the 2nd quarter. Renaissance Technologies LLC now owns 11,300 shares of the company’s stock valued at $824,000 after buying an additional 1,275 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 1,491.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 202,503 shares of the company’s stock worth $14,771,000 after buying an additional 189,779 shares during the last quarter. Finally, WCG Wealth Advisors LLC lifted its position in SPDR S&P 400 Mid Cap Value ETF by 4.9% during the second quarter. WCG Wealth Advisors LLC now owns 106,193 shares of the company’s stock valued at $7,746,000 after acquiring an additional 4,936 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Company Profile

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.