SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Hits New 12-Month High – Should You Buy?

Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $661.18 and last traded at $653.71, with a volume of 818592 shares trading hands. The stock had previously closed at $655.36.

SPDR S&P MidCap 400 ETF Trust Price Performance

The business has a fifty day simple moving average of $625.24 and a two-hundred day simple moving average of $603.32. The company has a market cap of $25.38 billion, a PE ratio of 18.98 and a beta of 1.06.

Institutional Investors Weigh In On SPDR S&P MidCap 400 ETF Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Bailard Inc. grew its holdings in SPDR S&P MidCap 400 ETF Trust by 5.5% in the 2nd quarter. Bailard Inc. now owns 6,731 shares of the exchange traded fund’s stock valued at $3,813,000 after buying an additional 350 shares in the last quarter. First Horizon Corp purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth $6,724,000. 1ST Source Bank boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.3% during the 2nd quarter. 1ST Source Bank now owns 36,139 shares of the exchange traded fund’s stock valued at $20,472,000 after acquiring an additional 119 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 32.7% during the 3rd quarter. HB Wealth Management LLC now owns 5,135 shares of the exchange traded fund’s stock valued at $3,061,000 after acquiring an additional 1,266 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at about $550,000.

SPDR S&P MidCap 400 ETF Trust Company Profile

SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.