SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Reaches New 52-Week High – Here’s Why

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) reached a new 52-week high during trading on Tuesday . The stock traded as high as $96.15 and last traded at $96.15, with a volume of 48989 shares. The stock had previously closed at $95.39.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The stock’s 50-day simple moving average is $93.18 and its 200 day simple moving average is $90.30. The company has a market capitalization of $2.79 billion, a PE ratio of 15.85 and a beta of 0.96.

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

Institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 23.9% in the 3rd quarter. US Bancorp DE now owns 643 shares of the company’s stock valued at $54,000 after acquiring an additional 124 shares during the last quarter. Basecamp Wealth Advisors LLC purchased a new stake in SPDR S&P 400 Mid Cap Value ETF during the first quarter worth approximately $55,000. Miller Capital Partners Inc. acquired a new position in SPDR S&P 400 Mid Cap Value ETF in the fourth quarter valued at approximately $65,000. CoreCap Advisors LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 39.4% in the fourth quarter. CoreCap Advisors LLC now owns 852 shares of the company’s stock valued at $72,000 after purchasing an additional 241 shares in the last quarter. Finally, Tucker Asset Management LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 160.6% in the fourth quarter. Tucker Asset Management LLC now owns 1,058 shares of the company’s stock valued at $90,000 after purchasing an additional 652 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. 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.