SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Hits New 12-Month High – Here’s Why

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) reached a new 52-week high on Tuesday . The company traded as high as $96.15 and last traded at $96.15, with a volume of 48989 shares changing hands. The stock had previously closed at $95.39.

SPDR S&P 400 Mid Cap Value ETF Trading Down 1.2%

The stock has a market capitalization of $2.77 billion, a P/E ratio of 15.85 and a beta of 0.96. The firm’s fifty day moving average is $93.44 and its 200-day moving average is $90.41.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 5.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 46,172 shares of the company’s stock worth $4,379,000 after acquiring an additional 2,406 shares during the last quarter. Friday Financial raised its position in SPDR S&P 400 Mid Cap Value ETF by 130.1% in the 2nd quarter. Friday Financial now owns 13,915 shares of the company’s stock valued at $1,305,000 after purchasing an additional 7,868 shares during the last quarter. Capital Wealth Management LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 4.5% in the 2nd quarter. Capital Wealth Management LLC now owns 101,953 shares of the company’s stock valued at $9,670,000 after purchasing an additional 4,401 shares during the last quarter. Cultivar Capital Inc. boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 63.2% in the second quarter. Cultivar Capital Inc. now owns 9,610 shares of the company’s stock worth $912,000 after purchasing an additional 3,720 shares in the last quarter. Finally, Bill Few Associates Inc. grew its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 1.7% during the second quarter. Bill Few Associates Inc. now owns 35,878 shares of the company’s stock worth $3,403,000 after purchasing an additional 596 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.