SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw unusually-strong trading volume on Tuesday . Approximately 654,069 shares traded hands during trading, an increase of 262% from the previous session’s volume of 180,831 shares.The stock last traded at $80.46 and had previously closed at $80.51.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The firm’s fifty day simple moving average is $78.83 and its 200-day simple moving average is $75.74. The stock has a market cap of $2.67 billion, a P/E ratio of 14.55 and a beta of 1.11.

Institutional Trading of SPDR S&P 400 Mid Cap Value ETF

Several large investors have recently modified their holdings of MDYV. Evermay Wealth Management LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 1st quarter worth approximately $35,000. PSI Advisors LLC grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 35.5% during the 2nd quarter. PSI Advisors LLC now owns 584 shares of the company’s stock worth $43,000 after buying an additional 153 shares during the period. Gradient Investments LLC grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 1,259.7% during the 2nd quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock worth $76,000 after buying an additional 970 shares during the period. US Bancorp DE grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 26.5% during the 3rd quarter. US Bancorp DE now owns 955 shares of the company’s stock worth $76,000 after buying an additional 200 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 2nd quarter worth approximately $80,000.

About SPDR S&P 400 Mid Cap Value ETF

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.