SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Reaches New 12-Month High – Here’s What Happened

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)’s stock price hit a new 52-week high on Monday . The stock traded as high as $717.35 and last traded at $714.8750, with a volume of 440575 shares. The stock had previously closed at $716.91.

SPDR S&P MidCap 400 ETF Trust Price Performance

The firm’s 50-day moving average is $693.35 and its 200-day moving average is $664.11. The company has a market capitalization of $27.52 billion, a P/E ratio of 18.98 and a beta of 1.01.

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

Several hedge funds and other institutional investors have recently modified their holdings of MDY. Brighton Jones LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 12.6% during the 4th quarter. Brighton Jones LLC now owns 2,040 shares of the exchange traded fund’s stock valued at $1,162,000 after acquiring an additional 228 shares during the period. AQR Capital Management LLC lifted its position in SPDR S&P MidCap 400 ETF Trust by 27.9% during the first quarter. AQR Capital Management LLC now owns 6,417 shares of the exchange traded fund’s stock valued at $3,423,000 after purchasing an additional 1,401 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 4.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,023 shares of the exchange traded fund’s stock valued at $546,000 after acquiring an additional 42 shares during the last quarter. Walleye Capital LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust in the second quarter worth about $317,000. Finally, Jump Financial LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the second quarter valued at approximately $2,495,000.

SPDR S&P MidCap 400 ETF Trust Company Profile

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.