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

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) shares saw an uptick in trading volume on Tuesday . 694,413 shares changed hands during mid-day trading, an increase of 208% from the previous session’s volume of 225,656 shares.The stock last traded at $83.06 and had previously closed at $83.96.

SPDR S&P 400 Mid Cap Value ETF Stock Down 0.3 %

The firm has a market cap of $2.67 billion, a P/E ratio of 14.55 and a beta of 1.11. The stock’s 50-day moving average is $83.02 and its 200-day moving average is $78.36.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Several large investors have recently added to or reduced their stakes in MDYV. Raymond James Financial Services Advisors Inc. lifted its position in SPDR S&P 400 Mid Cap Value ETF by 161.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 185,552 shares of the company’s stock valued at $13,534,000 after purchasing an additional 114,596 shares during the period. PSI Advisors LLC raised 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 valued at $43,000 after acquiring an additional 153 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 7.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 39,984 shares of the company’s stock valued at $2,916,000 after acquiring an additional 2,604 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 9.2% in the 2nd quarter. Salomon & Ludwin LLC now owns 13,088 shares of the company’s stock valued at $955,000 after purchasing an additional 1,103 shares during the period. Finally, Bailard Inc. grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 0.4% during the second quarter. Bailard Inc. now owns 50,272 shares of the company’s stock worth $3,667,000 after purchasing an additional 201 shares during the period.

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.