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

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $95.31 and last traded at $95.28, with a volume of 16579 shares. The stock had previously closed at $94.36.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The firm’s 50 day moving average is $90.70 and its 200 day moving average is $88.55. The firm has a market cap of $2.67 billion, a P/E ratio of 15.85 and a beta of 0.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MDYV. AE Wealth Management LLC increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 29.8% during the fourth quarter. AE Wealth Management LLC now owns 858,798 shares of the company’s stock valued at $72,697,000 after buying an additional 197,095 shares during the last quarter. WCG Wealth Advisors LLC increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 187.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 240,820 shares of the company’s stock valued at $20,386,000 after buying an additional 157,062 shares during the last quarter. MML Investors Services LLC increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 86.7% during the second quarter. MML Investors Services LLC now owns 152,886 shares of the company’s stock valued at $12,144,000 after buying an additional 70,997 shares during the last quarter. Avantax Planning Partners Inc. increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 7.1% during the fourth quarter. Avantax Planning Partners Inc. now owns 893,442 shares of the company’s stock valued at $75,630,000 after buying an additional 59,114 shares during the last quarter. Finally, CWM LLC increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 40.5% during the fourth quarter. CWM LLC now owns 201,385 shares of the company’s stock valued at $17,047,000 after buying an additional 58,082 shares during the last quarter.

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.