SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Hits New 52-Week High – Time to Buy?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $88.94 and last traded at $88.8890, with a volume of 8703 shares changing hands. The stock had previously closed at $88.53.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The firm has a market capitalization of $2.60 billion, a PE ratio of 15.85 and a beta of 1.05. The company has a fifty day moving average of $85.05 and a 200-day moving average of $83.39.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Avantax Planning Partners Inc. raised its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 76.4% in the 3rd quarter. Avantax Planning Partners Inc. now owns 834,328 shares of the company’s stock valued at $69,591,000 after acquiring an additional 361,398 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in SPDR S&P 400 Mid Cap Value ETF by 26.2% during the second quarter. Benjamin Edwards Inc. now owns 714,877 shares of the company’s stock valued at $56,783,000 after purchasing an additional 148,218 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 16.3% in the third quarter. AE Wealth Management LLC now owns 661,703 shares of the company’s stock worth $55,193,000 after buying an additional 92,682 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 86.7% in the second quarter. MML Investors Services LLC now owns 152,886 shares of the company’s stock worth $12,144,000 after buying an additional 70,997 shares during the last quarter. Finally, Titleist Asset Management LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 2nd quarter worth $4,555,000.

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.