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

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $623.77 and last traded at $623.8540, with a volume of 575684 shares trading hands. The stock had previously closed at $619.36.

SPDR S&P MidCap 400 ETF Trust Stock Performance

The business has a 50 day moving average price of $600.60 and a two-hundred day moving average price of $591.64. The company has a market cap of $25.19 billion, a P/E ratio of 18.98 and a beta of 1.06.

Institutional Trading of SPDR S&P MidCap 400 ETF Trust

Institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 2.8% in the third quarter. Larson Financial Group LLC now owns 657 shares of the exchange traded fund’s stock worth $392,000 after buying an additional 18 shares during the period. Measured Risk Portfolios Inc. increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 2.7% in the second quarter. Measured Risk Portfolios Inc. now owns 716 shares of the exchange traded fund’s stock valued at $406,000 after acquiring an additional 19 shares during the period. Hazlett Burt & Watson Inc. raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 5.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 377 shares of the exchange traded fund’s stock valued at $213,000 after acquiring an additional 19 shares during the last quarter. Bank of Jackson Hole Trust raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 3.6% during the second quarter. Bank of Jackson Hole Trust now owns 541 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 19 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 10.0% during the third quarter. Assetmark Inc. now owns 209 shares of the exchange traded fund’s stock worth $125,000 after purchasing an additional 19 shares during the period.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.