SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Large Volume Increase

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw unusually-strong trading volume on Thursday . Approximately 920,538 shares traded hands during trading, an increase of 225% from the previous session’s volume of 283,142 shares.The stock last traded at $71.86 and had previously closed at $72.41.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The stock has a market cap of $2.46 billion, a P/E ratio of 14.54 and a beta of 1.17. The firm’s fifty day simple moving average is $73.11 and its 200-day simple moving average is $70.01.

Institutional Trading of SPDR S&P 400 Mid Cap Value ETF

Several large investors have recently modified their holdings of MDYV. GoalVest Advisory LLC acquired a new stake in SPDR S&P 400 Mid Cap Value ETF in the 1st quarter valued at $28,000. Scarborough Advisors LLC acquired a new stake in SPDR S&P 400 Mid Cap Value ETF in the 4th quarter valued at $35,000. Richardson Financial Services Inc. acquired a new stake in SPDR S&P 400 Mid Cap Value ETF in the 4th quarter valued at $35,000. Capital Investment Advisory Services LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 40.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 562 shares of the company’s stock valued at $41,000 after purchasing an additional 161 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at $62,000.

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.