SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sets New 1-Year High – Here’s What Happened

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)’s share price hit a new 52-week high on Tuesday . The company traded as high as $93.41 and last traded at $93.34, with a volume of 4982 shares. The stock had previously closed at $91.68.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The firm has a market capitalization of $2.62 billion, a P/E ratio of 15.85 and a beta of 0.96. The business has a fifty day moving average of $89.65 and a 200-day moving average of $88.07.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDYV. AE Wealth Management LLC boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 29.8% during the 4th quarter. AE Wealth Management LLC now owns 858,798 shares of the company’s stock valued at $72,697,000 after purchasing an additional 197,095 shares in the last quarter. WCG Wealth Advisors LLC boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 187.5% during the 4th quarter. WCG Wealth Advisors LLC now owns 240,820 shares of the company’s stock worth $20,386,000 after acquiring an additional 157,062 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 86.7% during the 2nd quarter. MML Investors Services LLC now owns 152,886 shares of the company’s stock worth $12,144,000 after acquiring an additional 70,997 shares in the last quarter. Avantax Planning Partners Inc. boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 7.1% during the 4th quarter. Avantax Planning Partners Inc. now owns 893,442 shares of the company’s stock worth $75,630,000 after acquiring an additional 59,114 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 40.5% during the 4th quarter. CWM LLC now owns 201,385 shares of the company’s stock worth $17,047,000 after acquiring an additional 58,082 shares in 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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ CapitalMarket with market capitalizations between $850 million and $3.8 billion.