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) shares saw unusually-strong trading volume on Tuesday . Approximately 654,069 shares traded hands during trading, an increase of 262% from the previous session’s volume of 180,831 shares.The stock last traded at $80.46 and had previously closed at $80.51.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The stock’s fifty day simple moving average is $78.69 and its two-hundred day simple moving average is $75.65.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Institutional investors have recently modified their holdings of the company. Evermay Wealth Management LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the first quarter worth about $35,000. PSI Advisors LLC grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 35.5% during the second quarter. PSI Advisors LLC now owns 584 shares of the company’s stock worth $43,000 after acquiring an additional 153 shares during the last quarter. US Bancorp DE grew its position in SPDR S&P 400 Mid Cap Value ETF by 26.5% in the 3rd quarter. US Bancorp DE now owns 955 shares of the company’s stock valued at $76,000 after buying an additional 200 shares in the last quarter. Gradient Investments LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 1,259.7% in the 2nd quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock valued at $76,000 after buying an additional 970 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in SPDR S&P 400 Mid Cap Value ETF in the 2nd quarter valued at about $80,000.

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.