SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Reaches New 52-Week High – Here’s Why

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) hit a new 52-week high during trading on Tuesday . The stock traded as high as $96.43 and last traded at $96.43, with a volume of 9739 shares trading hands. The stock had previously closed at $95.90.

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

The firm has a market capitalization of $2.82 billion, a P/E ratio of 15.85 and a beta of 0.96. The business’s 50 day simple moving average is $93.96 and its two-hundred day simple moving average is $90.67.

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

A number of hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 23.9% during the 3rd quarter. US Bancorp DE now owns 643 shares of the company’s stock valued at $54,000 after purchasing an additional 124 shares during the last quarter. Basecamp Wealth Advisors LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the first quarter valued at $55,000. Miller Capital Partners Inc. bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the fourth quarter valued at $65,000. Tucker Asset Management LLC boosted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 160.6% during the fourth quarter. Tucker Asset Management LLC now owns 1,058 shares of the company’s stock valued at $90,000 after buying an additional 652 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 47.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,120 shares of the company’s stock valued at $95,000 after buying an additional 359 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. 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.