SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Reaches New 12-Month High – Still a Buy?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $92.97 and last traded at $92.0990, with a volume of 8155 shares. The stock had previously closed at $92.25.

SPDR S&P 400 Mid Cap Value ETF Trading Up 0.1%

The company has a market cap of $2.63 billion, a PE ratio of 15.85 and a beta of 1.05. The firm has a 50 day moving average of $87.55 and a two-hundred day moving average of $84.43.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 12.0% in the third quarter. Chicago Partners Investment Group LLC now owns 54,427 shares of the company’s stock worth $4,539,000 after purchasing an additional 5,852 shares during the last quarter. AE Wealth Management LLC increased its position in SPDR S&P 400 Mid Cap Value ETF by 16.3% during the third quarter. AE Wealth Management LLC now owns 661,703 shares of the company’s stock valued at $55,193,000 after acquiring an additional 92,682 shares during the last quarter. Balanced Wealth Group LLC grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 7.5% during the 2nd quarter. Balanced Wealth Group LLC now owns 152,171 shares of the company’s stock valued at $12,212,000 after purchasing an additional 10,619 shares during the period. Titleist Asset Management LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 2nd quarter valued at about $4,555,000. Finally, Burney Co. increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 286.9% during the 3rd quarter. Burney Co. now owns 10,005 shares of the company’s stock valued at $835,000 after purchasing an additional 7,419 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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ CapitalMarket with market capitalizations between $850 million and $3.8 billion.