SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Hits New 52-Week High at $76.44

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) shares reached a new 52-week high during trading on Monday . The stock traded as high as $76.44 and last traded at $76.13, with a volume of 37165 shares changing hands. The stock had previously closed at $75.35.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The business has a 50 day simple moving average of $73.69 and a 200-day simple moving average of $72.95. The stock has a market capitalization of $2.55 billion, a P/E ratio of 14.55 and a beta of 1.11.

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

Several large investors have recently modified their holdings of the stock. GoalVest Advisory LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the first quarter worth $28,000. Scarborough Advisors LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the fourth quarter worth $35,000. Richardson Financial Services Inc. purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth $35,000. Evermay Wealth Management LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the first quarter worth $35,000. Finally, Capital Investment Advisory Services LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 40.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 562 shares of the company’s stock worth $41,000 after acquiring an additional 161 shares in the last quarter.

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.