SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Large Volume Increase

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw strong trading volume on Thursday . 920,538 shares changed hands during trading, an increase of 225% from the previous session’s volume of 283,142 shares.The stock last traded at $71.86 and had previously closed at $72.41.

SPDR S&P 400 Mid Cap Value ETF Price Performance

The company has a market capitalization of $2.46 billion, a PE ratio of 14.54 and a beta of 1.17. The firm has a 50-day moving average of $73.11 and a 200 day moving average of $70.01.

Institutional Investors Weigh In On SPDR S&P 400 Mid Cap Value ETF

Institutional investors have recently modified their holdings of the business. GoalVest Advisory LLC bought a new position in SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at about $28,000. Scarborough Advisors LLC bought a new position in SPDR S&P 400 Mid Cap Value ETF in the fourth quarter valued at about $35,000. Richardson Financial Services Inc. bought a new position in SPDR S&P 400 Mid Cap Value ETF in the fourth quarter valued at about $35,000. Capital Investment Advisory Services LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 40.1% in the fourth quarter. Capital Investment Advisory Services LLC now owns 562 shares of the company’s stock valued at $41,000 after acquiring an additional 161 shares during the period. Finally, Fifth Third Bancorp bought a new position in SPDR S&P 400 Mid Cap Value ETF in the third quarter valued at about $62,000.

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.