SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Hits New 1-Year High – Here’s Why

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $84.19 and last traded at $84.11, with a volume of 20979 shares traded. The stock had previously closed at $80.76.

SPDR S&P 400 Mid Cap Value ETF Stock Up 0.4 %

The business has a fifty day moving average price of $79.33 and a 200-day moving average price of $76.24. The company has a market cap of $2.84 billion, a P/E ratio of 14.55 and a beta of 1.11.

Institutional Investors Weigh In On SPDR S&P 400 Mid Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in SPDR S&P 400 Mid Cap Value ETF by 12.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,906,762 shares of the company’s stock worth $430,839,000 after acquiring an additional 669,534 shares during the period. Strategic Financial Concepts LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 7,775.1% in the second quarter. Strategic Financial Concepts LLC now owns 469,671 shares of the company’s stock valued at $34,258,000 after buying an additional 463,707 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 242.0% in the first quarter. Kestra Advisory Services LLC now owns 529,356 shares of the company’s stock valued at $40,231,000 after buying an additional 374,595 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the second quarter valued at approximately $25,972,000. Finally, Mercer Global Advisors Inc. ADV grew its position in SPDR S&P 400 Mid Cap Value ETF by 1,491.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 202,503 shares of the company’s stock worth $14,771,000 after buying an additional 189,779 shares in the last quarter.

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.