SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Sets New 1-Year High – Should You Buy?

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)’s stock price reached a new 52-week high on Monday . The stock traded as high as $632.33 and last traded at $631.7430, with a volume of 370784 shares changing hands. The stock had previously closed at $631.38.

SPDR S&P MidCap 400 ETF Trust Stock Performance

The firm has a market capitalization of $25.12 billion, a PE ratio of 18.98 and a beta of 1.06. The stock’s 50-day simple moving average is $603.24 and its 200-day simple moving average is $593.62.

Institutional Trading of SPDR S&P MidCap 400 ETF Trust

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 12.6% during the fourth quarter. Brighton Jones LLC now owns 2,040 shares of the exchange traded fund’s stock valued at $1,162,000 after purchasing an additional 228 shares in the last quarter. AQR Capital Management LLC lifted its position in SPDR S&P MidCap 400 ETF Trust by 27.9% during the first quarter. AQR Capital Management LLC now owns 6,417 shares of the exchange traded fund’s stock valued at $3,423,000 after buying an additional 1,401 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 4.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,023 shares of the exchange traded fund’s stock valued at $546,000 after buying an additional 42 shares in the last quarter. Arvest Investments Inc. grew its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.6% in the 2nd quarter. Arvest Investments Inc. now owns 16,171 shares of the exchange traded fund’s stock worth $9,161,000 after buying an additional 98 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 11.2% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 607 shares of the exchange traded fund’s stock worth $345,000 after acquiring an additional 61 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.