SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Large Volume Increase – What’s Next?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw an uptick in trading volume on Tuesday . 618,429 shares changed hands during trading, an increase of 173% from the previous session’s volume of 226,150 shares.The stock last traded at $86.72 and had previously closed at $87.17.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The business has a 50 day simple moving average of $81.30 and a 200 day simple moving average of $77.31. The stock has a market cap of $2.91 billion, a PE ratio of 14.55 and a beta of 1.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank increased its position in SPDR S&P 400 Mid Cap Value ETF by 3.3% during the first quarter. Comerica Bank now owns 9,937 shares of the company’s stock worth $755,000 after buying an additional 316 shares during the last quarter. ARQ Wealth Advisors LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 27.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 9,244 shares of the company’s stock valued at $703,000 after acquiring an additional 1,993 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 17.0% in the 1st quarter. Cetera Investment Advisers now owns 153,983 shares of the company’s stock valued at $11,703,000 after acquiring an additional 22,341 shares in the last quarter. Waller Financial Planning Group Inc. boosted its position in SPDR S&P 400 Mid Cap Value ETF by 3.0% during the second quarter. Waller Financial Planning Group Inc. now owns 65,393 shares of the company’s stock worth $4,770,000 after purchasing an additional 1,909 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in SPDR S&P 400 Mid Cap Value ETF by 14.6% during the second quarter. Park Avenue Securities LLC now owns 10,355 shares of the company’s stock valued at $755,000 after purchasing an additional 1,318 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.