SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Unusually-High Trading Volume – Should You Buy?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) shares saw unusually-high trading volume on Tuesday . Approximately 694,413 shares were traded during mid-day 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 1.5 %

The company’s fifty day moving average price is $82.92 and its two-hundred day moving average price is $78.30. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MDYV. Continuum Advisory LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 2,007.1% during the 3rd quarter. Continuum Advisory LLC now owns 295 shares of the company’s stock valued at $25,000 after purchasing an additional 281 shares in the last quarter. PSI Advisors LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 35.5% in the second quarter. PSI Advisors LLC now owns 584 shares of the company’s stock worth $43,000 after buying an additional 153 shares in the last quarter. US Bancorp DE increased its holdings in shares of 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 worth $76,000 after buying an additional 200 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the 2nd quarter worth approximately $80,000. Finally, International Assets Investment Management LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the 2nd quarter worth approximately $180,000.

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.