SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Reaches New 52-Week High – Here’s Why

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $90.18 and last traded at $89.83, with a volume of 91762 shares trading hands. The stock had previously closed at $87.87.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The firm’s 50 day moving average price is $85.54 and its 200-day moving average price is $83.62. The stock has a market cap of $2.61 billion, a P/E ratio of 15.85 and a beta of 1.05.

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

Several institutional investors have recently added to or reduced their stakes in MDYV. Avantax Planning Partners Inc. raised its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 76.4% in the third quarter. Avantax Planning Partners Inc. now owns 834,328 shares of the company’s stock worth $69,591,000 after purchasing an additional 361,398 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 26.2% during the second quarter. Benjamin Edwards Inc. now owns 714,877 shares of the company’s stock valued at $56,783,000 after buying an additional 148,218 shares during the last quarter. AE Wealth Management LLC increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 16.3% in the 3rd quarter. AE Wealth Management LLC now owns 661,703 shares of the company’s stock worth $55,193,000 after buying an additional 92,682 shares in the last quarter. MML Investors Services LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 86.7% in the 2nd quarter. MML Investors Services LLC now owns 152,886 shares of the company’s stock worth $12,144,000 after buying an additional 70,997 shares during the last quarter. Finally, Titleist Asset Management LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the 2nd quarter worth about $4,555,000.

SPDR S&P 400 Mid Cap Value ETF Company Profile

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.