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) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $93.41 and last traded at $93.34, with a volume of 4982 shares changing hands. The stock had previously closed at $91.68.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The company has a 50-day moving average price of $89.65 and a two-hundred day moving average price of $88.07. The company has a market cap of $2.62 billion, a PE ratio of 15.85 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MDYV. Cooke Wealth Management LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 4th quarter worth approximately $1,650,000. JPMorgan Chase & Co. raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 100.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 44,510 shares of the company’s stock worth $3,713,000 after purchasing an additional 22,302 shares during the period. Elevated Capital Advisors LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 41.2% during the 4th quarter. Elevated Capital Advisors LLC now owns 19,045 shares of the company’s stock worth $1,612,000 after purchasing an additional 5,558 shares during the period. Onyx Bridge Wealth Group LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 229.9% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 14,091 shares of the company’s stock worth $1,175,000 after purchasing an additional 9,820 shares during the period. Finally, Moneco Advisors LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 51.6% during the 4th quarter. Moneco Advisors LLC now owns 89,334 shares of the company’s stock worth $7,562,000 after purchasing an additional 30,421 shares during the period.

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. 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.