SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Large Volume Increase – What’s Next?

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw unusually-high trading volume on Tuesday . Approximately 618,429 shares traded hands during trading, an increase of 173% from the previous session’s volume of 226,150 shares.The stock last traded at $86.72 and had previously closed at $87.17.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The firm’s fifty day moving average is $80.98 and its two-hundred day moving average is $77.16. The firm has a market capitalization of $2.92 billion, a PE ratio of 14.55 and a beta of 1.11.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its stake in SPDR S&P 400 Mid Cap Value ETF by 12.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,906,762 shares of the company’s stock valued at $430,839,000 after purchasing an additional 669,534 shares during the period. Strategic Financial Concepts LLC increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 7,775.1% during the second quarter. Strategic Financial Concepts LLC now owns 469,671 shares of the company’s stock worth $34,258,000 after buying an additional 463,707 shares during the last quarter. Benjamin Edwards Inc. raised its position in SPDR S&P 400 Mid Cap Value ETF by 2,202.9% in the third quarter. Benjamin Edwards Inc. now owns 470,855 shares of the company’s stock worth $37,414,000 after acquiring an additional 450,409 shares during the period. Canandaigua National Bank & Trust Co. purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the second quarter valued at about $25,972,000. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 1,491.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 202,503 shares of the company’s stock valued at $14,771,000 after acquiring an additional 189,779 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Company Profile

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.