SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Reaches New 12-Month High – Time to Buy?

Posted by Teresa Graham on Oct 19th, 2024

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $585.50 and last traded at $584.47, with a volume of 56994 shares traded. The stock had previously closed at $583.22.

SPDR S&P MidCap 400 ETF Trust Trading Up 0.0 %

The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. The firm has a 50 day moving average price of $560.54 and a two-hundred day moving average price of $547.08.

Hedge Funds Weigh In On SPDR S&P MidCap 400 ETF Trust

A number of hedge funds have recently made changes to their positions in the business. Ridgewood Investments LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 2nd quarter valued at $25,000. Ruedi Wealth Management Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter valued at about $26,000. Addison Advisors LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter valued at about $27,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter valued at about $28,000. Finally, Chris Bulman Inc acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth approximately $30,000.

About SPDR S&P MidCap 400 ETF Trust

(Get Free Report)

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.