SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Hits New 12-Month High – Here’s Why

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $704.17 and last traded at $703.0720, with a volume of 590285 shares trading hands. The stock had previously closed at $697.92.

SPDR S&P MidCap 400 ETF Trust Stock Performance

The company has a market capitalization of $27.63 billion, a PE ratio of 18.98 and a beta of 1.01. The stock has a fifty day moving average of $676.34 and a 200 day moving average of $646.61.

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

Several hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in SPDR S&P MidCap 400 ETF Trust by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock valued at $810,385,000 after acquiring an additional 87,207 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in SPDR S&P MidCap 400 ETF Trust by 5.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock worth $500,741,000 after purchasing an additional 41,757 shares in the last quarter. Moore Capital Management LP boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 73.2% during the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after purchasing an additional 267,800 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 5.4% during the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock valued at $336,626,000 after purchasing an additional 28,459 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of SPDR S&P MidCap 400 ETF Trust by 2.2% during the fourth quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock valued at $309,959,000 after purchasing an additional 11,060 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.