SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Hits New 12-Month High – Still a Buy?

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $599.79 and last traded at $596.90, with a volume of 162717 shares traded. The stock had previously closed at $576.69.

SPDR S&P MidCap 400 ETF Trust Stock Performance

The firm has a 50-day moving average of $567.54 and a 200-day moving average of $551.62. The firm has a market capitalization of $23.80 billion, a P/E ratio of 15.70 and a beta of 1.09.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 62,301.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,172,826 shares of the exchange traded fund’s stock valued at $1,237,772,000 after purchasing an additional 2,169,344 shares during the period. Granite Bay Wealth Management LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 6,346.6% during the second quarter. Granite Bay Wealth Management LLC now owns 2,113,449 shares of the exchange traded fund’s stock valued at $1,136,513,000 after buying an additional 2,080,665 shares during the last quarter. US Bancorp DE raised its stake in SPDR S&P MidCap 400 ETF Trust by 1.1% during the third quarter. US Bancorp DE now owns 1,063,964 shares of the exchange traded fund’s stock valued at $606,098,000 after buying an additional 11,719 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 768,842 shares of the exchange traded fund’s stock valued at $437,979,000 after buying an additional 5,825 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in SPDR S&P MidCap 400 ETF Trust by 3.5% during the second quarter. Bank of Montreal Can now owns 504,716 shares of the exchange traded fund’s stock valued at $269,741,000 after buying an additional 17,125 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.