SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Hits New 12-Month High – Should You Buy?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $81.78 and last traded at $81.78, with a volume of 2949 shares traded. The stock had previously closed at $81.66.

SPDR S&P 400 Mid Cap Value ETF Trading Down 0.2 %

The company’s 50 day moving average is $77.85 and its 200-day moving average is $75.28. The company has a market capitalization of $2.74 billion, a P/E ratio of 14.55 and a beta of 1.11.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. GoalVest Advisory LLC bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the 1st quarter valued at about $28,000. Evermay Wealth Management LLC bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the 1st quarter valued at about $35,000. PSI Advisors LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 35.5% during the 2nd quarter. PSI Advisors LLC now owns 584 shares of the company’s stock valued at $43,000 after purchasing an additional 153 shares in the last quarter. Gradient Investments LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 1,259.7% during the 2nd quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock valued at $76,000 after purchasing an additional 970 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the 2nd quarter valued at about $80,000.

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.