SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Get Free Report) shares reached a new 52-week high during 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 Up 4.1 %
The firm’s fifty day moving average is $565.21 and its 200-day moving average is $550.39. The stock has a market capitalization of $23.73 billion, a PE ratio of 15.70 and a beta of 1.09.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDY. Ruedi Wealth Management Inc. acquired a new position in SPDR S&P MidCap 400 ETF Trust in the first quarter worth about $26,000. TFG Advisers LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.6% in the first quarter. TFG Advisers LLC now owns 828 shares of the exchange traded fund’s stock valued at $461,000 after buying an additional 21 shares in the last quarter. LCM Capital Management Inc increased its stake in SPDR S&P MidCap 400 ETF Trust by 1.1% in the 1st quarter. LCM Capital Management Inc now owns 41,798 shares of the exchange traded fund’s stock worth $23,256,000 after purchasing an additional 456 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 39.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,555 shares of the exchange traded fund’s stock valued at $3,647,000 after acquiring an additional 1,855 shares during the period. Finally, Quantbot Technologies LP acquired a new position in SPDR S&P MidCap 400 ETF Trust during the first quarter valued at $890,000.
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.
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