SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Reaches New 52-Week High – Time to Buy?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYVGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $95.31 and last traded at $95.28, with a volume of 16579 shares traded. The stock had previously closed at $94.36.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The company has a fifty day simple moving average of $90.36 and a two-hundred day simple moving average of $88.41. The company has a market capitalization of $2.69 billion, a P/E ratio of 15.85 and a beta of 0.96.

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

Several institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 0.3% during the first quarter. Geneos Wealth Management Inc. now owns 44,305 shares of the company’s stock valued at $3,773,000 after buying an additional 117 shares in the last quarter. US Bancorp DE raised its holdings in 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 buying an additional 124 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 0.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 15,879 shares of the company’s stock valued at $1,324,000 after buying an additional 133 shares in the last quarter. Norden Group LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 2.5% during the fourth quarter. Norden Group LLC now owns 5,593 shares of the company’s stock valued at $473,000 after buying an additional 136 shares in the last quarter. Finally, Intrua Financial LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 0.5% during the fourth quarter. Intrua Financial LLC now owns 27,630 shares of the company’s stock valued at $2,339,000 after buying an additional 147 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Company Profile

(Get Free Report)

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.

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