SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Strong Trading Volume – Still a Buy?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) shares saw unusually-strong trading volume on Tuesday . Approximately 369,978 shares were traded during mid-day trading, an increase of 287% from the previous session’s volume of 95,608 shares.The stock last traded at $88.4950 and had previously closed at $88.72.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The business’s fifty day simple moving average is $86.00 and its 200 day simple moving average is $83.79. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 15.85 and a beta of 1.05.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Chicago Partners Investment Group LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 12.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 54,427 shares of the company’s stock worth $4,539,000 after acquiring an additional 5,852 shares during the period. AE Wealth Management LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 2.0% during the second quarter. AE Wealth Management LLC now owns 569,021 shares of the company’s stock worth $45,197,000 after purchasing an additional 10,978 shares in the last quarter. Balanced Wealth Group LLC lifted its position in SPDR S&P 400 Mid Cap Value ETF by 7.5% in the second quarter. Balanced Wealth Group LLC now owns 152,171 shares of the company’s stock worth $12,212,000 after purchasing an additional 10,619 shares during the period. Burney Co. lifted its position in SPDR S&P 400 Mid Cap Value ETF by 286.9% in the third quarter. Burney Co. now owns 10,005 shares of the company’s stock worth $835,000 after purchasing an additional 7,419 shares during the period. Finally, Bill Few Associates Inc. boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 153.7% during the 2nd quarter. Bill Few Associates Inc. now owns 29,109 shares of the company’s stock valued at $2,312,000 after purchasing an additional 17,636 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.