SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Reaches New 1-Year Low – What’s Next?

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) shares hit a new 52-week low on Thursday . The company traded as low as $509.34 and last traded at $511.93, with a volume of 569124 shares trading hands. The stock had previously closed at $544.86.

SPDR S&P MidCap 400 ETF Trust Stock Down 6.7 %

The business’s 50-day simple moving average is $563.65 and its two-hundred day simple moving average is $576.19. The firm has a market capitalization of $20.86 billion, a price-to-earnings ratio of 18.90 and a beta of 1.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. J.Safra Asset Management Corp acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $26,000. West Financial Advisors LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth $28,000. New Wave Wealth Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $32,000. Brooklyn Investment Group acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $36,000. Finally, CoreFirst Bank & Trust acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $40,000.

SPDR S&P MidCap 400 ETF Trust Company Profile

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.