SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Hits New 52-Week High – Here’s Why

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $84.19 and last traded at $84.11, with a volume of 20979 shares. The stock had previously closed at $80.76.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The company has a market cap of $2.84 billion, a P/E ratio of 14.55 and a beta of 1.11. The stock has a fifty day moving average price of $78.98 and a two-hundred day moving average price of $76.03.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

A number of hedge funds have recently bought and sold shares of MDYV. Wealth Enhancement Advisory Services LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 7.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,357,586 shares of the company’s stock worth $505,174,000 after purchasing an additional 450,824 shares during the last quarter. Lutz Financial Services LLC increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 2.2% during the third quarter. Lutz Financial Services LLC now owns 690,992 shares of the company’s stock valued at $54,906,000 after acquiring an additional 14,917 shares during the last quarter. Kestra Advisory Services LLC boosted its position in SPDR S&P 400 Mid Cap Value ETF by 242.0% in 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. Strategic Financial Concepts LLC grew its stake in SPDR S&P 400 Mid Cap Value ETF by 7,775.1% in the 2nd 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. Finally, Canandaigua National Bank & Trust Co. increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 5.3% during the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 374,916 shares of the company’s stock valued at $29,791,000 after purchasing an additional 18,836 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.