SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Hits New 1-Year High – Still a Buy?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $91.07 and last traded at $90.7090, with a volume of 20219 shares traded. The stock had previously closed at $89.08.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The company has a market cap of $2.61 billion, a price-to-earnings ratio of 15.85 and a beta of 1.05. The company’s 50-day simple moving average is $86.84 and its 200-day simple moving average is $84.09.

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

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 38.4% in the 1st quarter. AQR Capital Management LLC now owns 3,563 shares of the company’s stock valued at $275,000 after acquiring an additional 988 shares during the last quarter. NewEdge Advisors LLC increased its position in SPDR S&P 400 Mid Cap Value ETF by 3.6% in the 1st quarter. NewEdge Advisors LLC now owns 6,395 shares of the company’s stock valued at $493,000 after acquiring an additional 221 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 7.6% during the first quarter. Goldman Sachs Group Inc. now owns 261,025 shares of the company’s stock valued at $20,112,000 after purchasing an additional 18,506 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 5.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 4,538 shares of the company’s stock worth $360,000 after acquiring an additional 247 shares during the period. Finally, Ignite Planners LLC lifted its position in SPDR S&P 400 Mid Cap Value ETF by 0.9% in the second quarter. Ignite Planners LLC now owns 28,245 shares of the company’s stock worth $2,299,000 after purchasing an additional 257 shares during the period.

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.