SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sets New 12-Month High at $78.38

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.38 and last traded at $78.17, with a volume of 9949 shares trading hands. The stock had previously closed at $77.66.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The stock has a 50-day moving average price of $74.27 and a 200-day moving average price of $73.39.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Large investors have recently made changes to their positions in the company. Bellwether Advisors LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 2nd quarter valued at $2,839,000. Stevens Capital Partners increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 4.0% in the 2nd quarter. Stevens Capital Partners now owns 18,001 shares of the company’s stock valued at $1,313,000 after purchasing an additional 699 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 1.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 28,857 shares of the company’s stock valued at $2,087,000 after purchasing an additional 367 shares during the last quarter. Confluence Wealth Services Inc. increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 133.8% in the 2nd quarter. Confluence Wealth Services Inc. now owns 17,315 shares of the company’s stock valued at $1,263,000 after purchasing an additional 9,910 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 26.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 165,857 shares of the company’s stock valued at $12,098,000 after purchasing an additional 34,543 shares during 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.