SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Sets New 52-Week High – Here’s What Happened

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $599.79 and last traded at $596.90, with a volume of 162717 shares. The stock had previously closed at $576.69.

SPDR S&P MidCap 400 ETF Trust Stock Up 0.5 %

The stock has a market capitalization of $23.80 billion, a P/E ratio of 15.70 and a beta of 1.09. The firm’s 50 day simple moving average is $567.54 and its two-hundred day simple moving average is $551.62.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MDY. International Assets Investment Management LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 62,301.7% during the third quarter. International Assets Investment Management LLC now owns 2,172,826 shares of the exchange traded fund’s stock valued at $1,237,772,000 after acquiring an additional 2,169,344 shares in the last quarter. Granite Bay Wealth Management LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 6,346.6% during the second quarter. Granite Bay Wealth Management LLC now owns 2,113,449 shares of the exchange traded fund’s stock valued at $1,136,513,000 after acquiring an additional 2,080,665 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 41,522.2% during the second quarter. Strategic Financial Concepts LLC now owns 237,663 shares of the exchange traded fund’s stock valued at $127,169,000 after acquiring an additional 237,092 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at approximately $34,041,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 114.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 107,037 shares of the exchange traded fund’s stock valued at $57,264,000 after acquiring an additional 57,113 shares in the last quarter.

About SPDR S&P MidCap 400 ETF Trust

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.