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

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $87.55 and last traded at $87.5650, with a volume of 22024 shares traded. The stock had previously closed at $86.79.

SPDR S&P 400 Mid Cap Value ETF Trading Up 1.3%

The firm’s 50-day moving average is $84.06 and its two-hundred day moving average is $82.92. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 15.85 and a beta of 1.05.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in MDYV. AQR Capital Management LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 38.4% in the first quarter. AQR Capital Management LLC now owns 3,563 shares of the company’s stock valued at $275,000 after purchasing an additional 988 shares during the period. NewEdge Advisors LLC increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 3.6% during the 1st quarter. NewEdge Advisors LLC now owns 6,395 shares of the company’s stock worth $493,000 after purchasing an additional 221 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 261,025 shares of the company’s stock valued at $20,112,000 after buying an additional 18,506 shares during the period. Everstar Asset Management LLC acquired a new position in SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at about $1,384,000. Finally, Signature Estate & Investment Advisors LLC lifted its position in SPDR S&P 400 Mid Cap Value ETF by 40.7% in the first quarter. Signature Estate & Investment Advisors LLC now owns 66,277 shares of the company’s stock valued at $5,107,000 after buying an additional 19,187 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. 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.