SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Large Volume Increase – Still a Buy?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw unusually-strong trading volume on Tuesday . Approximately 694,413 shares changed hands during trading, an increase of 208% from the previous session’s volume of 225,656 shares.The stock last traded at $83.06 and had previously closed at $83.96.

SPDR S&P 400 Mid Cap Value ETF Stock Down 0.3 %

The firm’s 50-day moving average price is $83.02 and its 200 day moving average price is $78.36. The firm has a market cap of $2.67 billion, a P/E ratio of 14.55 and a beta of 1.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDYV. Wealth Enhancement Advisory Services LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 7.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,357,586 shares of the company’s stock worth $505,174,000 after purchasing an additional 450,824 shares in the last quarter. Lutz Financial Services LLC grew its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2.2% during the 3rd quarter. Lutz Financial Services LLC now owns 690,992 shares of the company’s stock worth $54,906,000 after purchasing an additional 14,917 shares in the last quarter. Benjamin Edwards Inc. grew its position in SPDR S&P 400 Mid Cap Value ETF by 2,202.9% in the third quarter. Benjamin Edwards Inc. now owns 470,855 shares of the company’s stock valued at $37,414,000 after acquiring an additional 450,409 shares during the last quarter. Strategic Financial Concepts LLC increased its stake 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 during the period. Finally, Canandaigua National Bank & Trust Co. boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 5.3% in the third quarter. Canandaigua National Bank & Trust Co. now owns 374,916 shares of the company’s stock valued at $29,791,000 after acquiring an additional 18,836 shares during the last quarter.

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.