SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Reaches New 52-Week High – Should You Buy?

Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) reached a new 52-week high during mid-day trading 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 Up 0.4%

The stock has a 50-day simple moving average of $630.19 and a 200 day simple moving average of $606.14. The company has a market cap of $25.51 billion, a PE ratio of 18.98 and a beta of 1.06.

Institutional Investors Weigh In On SPDR S&P MidCap 400 ETF Trust

A number of institutional investors have recently made changes to their positions in MDY. Activest Wealth Management boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 125.0% during the 3rd quarter. Activest Wealth Management now owns 54 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 30 shares during the period. Sound Income Strategies LLC boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 177.8% during the fourth quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 32 shares during the period. High Point Wealth Management LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $34,000. Brown Lisle Cummings Inc. raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 110.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 63 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 33 shares during the period. Finally, CoreFirst Bank & Trust acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth about $40,000.

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.