SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Reaches New 12-Month High – What’s Next?

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

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The stock has a market capitalization of $2.76 billion, a PE ratio of 15.85 and a beta of 0.96. The stock has a 50-day moving average price of $92.56 and a two-hundred day moving average price of $89.89.

Institutional Investors 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. US Bancorp DE boosted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 23.9% in the third quarter. US Bancorp DE now owns 643 shares of the company’s stock worth $54,000 after purchasing an additional 124 shares during the period. Basecamp Wealth Advisors LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 1st quarter valued at $55,000. Miller Capital Partners Inc. bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 4th quarter valued at $65,000. CoreCap Advisors LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 39.4% during the 4th quarter. CoreCap Advisors LLC now owns 852 shares of the company’s stock valued at $72,000 after buying an additional 241 shares in the last quarter. Finally, Tucker Asset Management LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 160.6% during the 4th quarter. Tucker Asset Management LLC now owns 1,058 shares of the company’s stock valued at $90,000 after buying an additional 652 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.