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

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDYGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $609.92 and last traded at $609.92, with a volume of 411073 shares trading hands. The stock had previously closed at $600.66.

SPDR S&P MidCap 400 ETF Trust Price Performance

The business has a 50 day simple moving average of $577.41 and a 200 day simple moving average of $556.29. The stock has a market cap of $24.14 billion, a PE ratio of 15.70 and a beta of 1.09.

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

Several large investors have recently made changes to their positions in the company. Tudor Financial Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at $1,408,000. SkyView Investment Advisors LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter worth about $1,139,000. Citizens Business Bank acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter worth about $271,000. Hohimer Wealth Management LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 1.5% during the 3rd quarter. Hohimer Wealth Management LLC now owns 1,201 shares of the exchange traded fund’s stock worth $684,000 after acquiring an additional 18 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 21.1% during the 3rd quarter. Rehmann Capital Advisory Group now owns 803 shares of the exchange traded fund’s stock valued at $458,000 after acquiring an additional 140 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Company Profile

(Get Free Report)

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.

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