SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Strong Trading Volume – Should You Buy?

Shares of SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw unusually-strong trading volume on Tuesday . Approximately 618,429 shares changed hands during mid-day 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 Trading Down 0.4 %

The stock has a market cap of $2.92 billion, a PE ratio of 14.55 and a beta of 1.11. The business has a 50-day moving average price of $80.98 and a 200 day moving average price of $77.16.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Continuum Advisory LLC grew its stake in SPDR S&P 400 Mid Cap Value ETF by 2,007.1% in the 3rd quarter. Continuum Advisory LLC now owns 295 shares of the company’s stock valued at $25,000 after buying an additional 281 shares in the last quarter. PSI Advisors LLC grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 35.5% in the second quarter. PSI Advisors LLC now owns 584 shares of the company’s stock valued at $43,000 after purchasing an additional 153 shares in the last quarter. US Bancorp DE raised its stake 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 valued at $76,000 after purchasing an additional 200 shares during the period. Gradient Investments LLC increased its position in shares of SPDR S&P 400 Mid Cap Value ETF by 1,259.7% during the second quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock valued at $76,000 after buying an additional 970 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in SPDR S&P 400 Mid Cap Value ETF in the 2nd quarter worth approximately $80,000.

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.