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

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) shares saw unusually-strong trading volume on Tuesday . Approximately 835,906 shares changed hands during trading, an increase of 227% from the previous session’s volume of 255,786 shares.The stock last traded at $80.66 and had previously closed at $80.20.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The firm’s 50-day moving average price is $83.00 and its two-hundred day moving average price is $79.31. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 12.2% in the 4th quarter. Park Avenue Securities LLC now owns 11,920 shares of the company’s stock valued at $956,000 after acquiring an additional 1,292 shares in the last quarter. Sharper & Granite LLC boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 23.0% in the fourth quarter. Sharper & Granite LLC now owns 6,540 shares of the company’s stock valued at $525,000 after purchasing an additional 1,225 shares during the period. Ignite Planners LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 2.7% during the 4th quarter. Ignite Planners LLC now owns 30,381 shares of the company’s stock worth $2,450,000 after buying an additional 804 shares during the period. Elevated Capital Advisors LLC lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 48.2% during the 4th quarter. Elevated Capital Advisors LLC now owns 9,141 shares of the company’s stock worth $733,000 after buying an additional 2,972 shares in the last quarter. Finally, Persium Advisors LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the 4th quarter valued at approximately $255,000.

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.