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

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $90.18 and last traded at $89.83, with a volume of 91762 shares trading hands. The stock had previously closed at $87.87.

SPDR S&P 400 Mid Cap Value ETF Trading Up 2.2%

The company has a market cap of $2.61 billion, a PE ratio of 15.85 and a beta of 1.05. The business’s 50 day moving average is $85.54 and its two-hundred day moving average is $83.62.

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

A number of hedge funds have recently made changes to their positions in the business. US Bancorp DE grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 23.9% during the third quarter. US Bancorp DE now owns 643 shares of the company’s stock worth $54,000 after purchasing an additional 124 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 0.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 15,879 shares of the company’s stock worth $1,324,000 after purchasing an additional 133 shares in the last quarter. Norden Group LLC boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 2.5% in the 4th quarter. Norden Group LLC now owns 5,593 shares of the company’s stock worth $473,000 after purchasing an additional 136 shares during the period. LexAurum Advisors LLC grew its holdings in SPDR S&P 400 Mid Cap Value ETF by 1.4% during the 3rd quarter. LexAurum Advisors LLC now owns 10,507 shares of the company’s stock valued at $876,000 after buying an additional 143 shares in the last quarter. Finally, WealthPLAN Partners LLC grew its holdings in SPDR S&P 400 Mid Cap Value ETF by 2.5% during the 3rd quarter. WealthPLAN Partners LLC now owns 5,908 shares of the company’s stock valued at $493,000 after buying an additional 146 shares in 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.