SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Reaches New 12-Month High – Time to Buy?

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 $96.43 and last traded at $96.43, with a volume of 9739 shares changing hands. The stock had previously closed at $95.90.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The firm has a 50-day moving average price of $93.74 and a two-hundred day moving average price of $90.56. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 15.85 and a beta of 0.96.

Institutional Trading of SPDR S&P 400 Mid Cap Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 38.4% in the 1st quarter. AQR Capital Management LLC now owns 3,563 shares of the company’s stock valued at $275,000 after buying an additional 988 shares in the last quarter. NewEdge Advisors LLC lifted its position in SPDR S&P 400 Mid Cap Value ETF by 3.6% in the first quarter. NewEdge Advisors LLC now owns 6,395 shares of the company’s stock valued at $493,000 after acquiring an additional 221 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in SPDR S&P 400 Mid Cap Value ETF by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 261,025 shares of the company’s stock valued at $20,112,000 after acquiring an additional 18,506 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 42.0% in the second quarter. JPMorgan Chase & Co. now owns 22,208 shares of the company’s stock valued at $1,764,000 after acquiring an additional 6,571 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in SPDR S&P 400 Mid Cap Value ETF in the second quarter valued at $245,000.

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.