SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Large Volume Increase – Here’s What Happened

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw an uptick in trading volume on Tuesday . 369,978 shares were traded during mid-day trading, an increase of 287% from the previous session’s volume of 95,608 shares.The stock last traded at $88.4950 and had previously closed at $88.72.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The company has a market capitalization of $2.57 billion, a PE ratio of 15.85 and a beta of 1.05. The company’s 50-day moving average is $86.48 and its 200 day moving average is $83.90.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitlin John LLC bought a new position in SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at approximately $28,000. Glass Jacobson Investment Advisors llc increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 94.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 515 shares of the company’s stock worth $43,000 after purchasing an additional 250 shares in the last quarter. Capital A Wealth Management LLC raised its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 921.3% in the second quarter. Capital A Wealth Management LLC now owns 623 shares of the company’s stock worth $46,000 after purchasing an additional 562 shares during the last quarter. US Bancorp DE lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 23.9% during the third quarter. US Bancorp DE now owns 643 shares of the company’s stock valued at $54,000 after purchasing an additional 124 shares in the last quarter. Finally, Atwood & Palmer Inc. bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the third quarter valued at $61,000.

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.