SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Reaches New 52-Week High – What’s Next?

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) shares hit a new 52-week high on Thursday . The company traded as high as $585.50 and last traded at $584.47, with a volume of 56994 shares. The stock had previously closed at $583.22.

SPDR S&P MidCap 400 ETF Trust Trading Up 0.0 %

The stock has a market cap of $23.08 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. The company has a fifty day simple moving average of $560.54 and a 200-day simple moving average of $547.08.

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

Large investors have recently made changes to their positions in the company. Granite Bay Wealth Management LLC boosted its stake in SPDR S&P MidCap 400 ETF Trust by 6,346.6% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,113,449 shares of the exchange traded fund’s stock worth $1,136,513,000 after purchasing an additional 2,080,665 shares during the period. Bank of Montreal Can boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 3.5% in the second quarter. Bank of Montreal Can now owns 504,716 shares of the exchange traded fund’s stock worth $269,741,000 after buying an additional 17,125 shares during the period. Raymond James & Associates grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 0.5% during the third quarter. Raymond James & Associates now owns 369,044 shares of the exchange traded fund’s stock valued at $210,230,000 after buying an additional 1,811 shares in the last quarter. Strategic Financial Concepts LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 41,522.2% during the second quarter. Strategic Financial Concepts LLC now owns 237,663 shares of the exchange traded fund’s stock valued at $127,169,000 after buying an additional 237,092 shares during the period. Finally, Global Assets Advisory LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth about $122,938,000.

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.