SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Hits New 12-Month High – Here’s What Happened

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)’s stock price reached a new 52-week high on Friday . The stock traded as high as $662.65 and last traded at $657.5150, with a volume of 301896 shares traded. The stock had previously closed at $654.50.

SPDR S&P MidCap 400 ETF Trust Stock Performance

The company has a market cap of $25.51 billion, a PE ratio of 18.98 and a beta of 1.06. The firm’s 50 day moving average is $630.19 and its 200-day moving average is $606.14.

Hedge Funds Weigh In On SPDR S&P MidCap 400 ETF Trust

Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 6.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock worth $810,385,000 after acquiring an additional 87,207 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 5.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock valued at $500,741,000 after purchasing an additional 41,757 shares during the last quarter. Moore Capital Management LP grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 73.2% in the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after buying an additional 267,800 shares during the period. Tableaux LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 2nd quarter valued at approximately $317,795,000. Finally, Raymond James Financial Inc. increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 5.4% during the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock worth $336,626,000 after buying an additional 28,459 shares during the last quarter.

About SPDR S&P MidCap 400 ETF Trust

SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.