SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Reaches New 52-Week High – Still a Buy?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $81.78 and last traded at $81.78, with a volume of 2949 shares changing hands. The stock had previously closed at $81.66.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The stock has a 50 day moving average price of $78.15 and a 200-day moving average price of $75.37.

Institutional Investors Weigh In On SPDR S&P 400 Mid Cap Value ETF

A number of large investors have recently modified their holdings of MDYV. Wealth Enhancement Advisory Services LLC boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 16.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,237,228 shares of the company’s stock worth $398,029,000 after buying an additional 721,830 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 7,775.1% in the second quarter. Strategic Financial Concepts LLC now owns 469,671 shares of the company’s stock valued at $34,258,000 after purchasing an additional 463,707 shares during the period. Kestra Advisory Services LLC increased its position in SPDR S&P 400 Mid Cap Value ETF by 242.0% during the first quarter. Kestra Advisory Services LLC now owns 529,356 shares of the company’s stock worth $40,231,000 after purchasing an additional 374,595 shares during the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in SPDR S&P 400 Mid Cap Value ETF during the second quarter worth about $25,972,000. Finally, Tradewinds Capital Management LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 10,210.4% in the 1st quarter. Tradewinds Capital Management LLC now owns 220,951 shares of the company’s stock valued at $16,792,000 after purchasing an additional 218,808 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Company Profile

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.