SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Sets New 12-Month High – Time to Buy?

Posted by Donald Scott on Nov 22nd, 2024

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

SPDR S&P MidCap 400 ETF Trust Stock Performance

The business’s fifty day moving average is $576.30 and its 200-day moving average is $555.73. The firm has a market cap of $24.09 billion, a P/E ratio of 15.70 and a beta of 1.09.

Institutional Trading of SPDR S&P MidCap 400 ETF Trust

Hedge funds have recently modified their holdings of the stock. Ridgewood Investments LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth about $25,000. Addison Advisors LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at about $27,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter valued at about $28,000. Chris Bulman Inc bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at about $38,000.

About SPDR S&P MidCap 400 ETF Trust

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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.