SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Hits New 1-Year High – What’s Next?

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $613.46 and last traded at $615.8330, with a volume of 412409 shares. The stock had previously closed at $603.90.

SPDR S&P MidCap 400 ETF Trust Stock Performance

The company’s fifty day moving average is $594.29 and its two-hundred day moving average is $583.87. The company has a market cap of $24.26 billion, a price-to-earnings ratio of 18.98 and a beta of 1.06.

Institutional Trading of SPDR S&P MidCap 400 ETF Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Aviso Financial Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust during the first quarter worth about $27,000. Activest Wealth Management raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 125.0% during the 3rd quarter. Activest Wealth Management now owns 54 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 30 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 110.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 63 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 33 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at $41,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth about $40,000.

About SPDR S&P MidCap 400 ETF Trust

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.