SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Hits New 1-Year High at $79.78

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) hit a new 52-week high during trading on Wednesday . The company traded as high as $79.78 and last traded at $79.58, with a volume of 58858 shares trading hands. The stock had previously closed at $78.47.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The business’s 50-day moving average is $76.44 and its two-hundred day moving average is $74.50. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11.

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

Several hedge funds have recently bought and sold shares of MDYV. GoalVest Advisory LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 1st quarter valued at $28,000. Scarborough Advisors LLC bought a new position in SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth about $35,000. Richardson Financial Services Inc. bought a new position in SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth about $35,000. Evermay Wealth Management LLC acquired a new position in SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at about $35,000. Finally, PSI Advisors LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 35.5% in the second quarter. PSI Advisors LLC now owns 584 shares of the company’s stock worth $43,000 after acquiring an additional 153 shares in 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.