SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Unusually-High Trading Volume – What’s Next?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) shares saw unusually-high trading volume on Tuesday . Approximately 618,429 shares changed hands during trading, an increase of 173% from the previous session’s volume of 226,150 shares.The stock last traded at $86.72 and had previously closed at $87.17.

SPDR S&P 400 Mid Cap Value ETF Stock Down 0.2 %

The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The stock’s fifty day moving average is $81.30 and its 200-day moving average is $77.31.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MDYV. Continuum Advisory LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2,007.1% in the third quarter. Continuum Advisory LLC now owns 295 shares of the company’s stock valued at $25,000 after buying an additional 281 shares during the period. PSI Advisors LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 35.5% in the second quarter. PSI Advisors LLC now owns 584 shares of the company’s stock valued at $43,000 after purchasing an additional 153 shares in the last quarter. Gradient Investments LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 1,259.7% in the second quarter. Gradient Investments LLC now owns 1,047 shares of the company’s stock valued at $76,000 after purchasing an additional 970 shares in the last quarter. US Bancorp DE grew its position in SPDR S&P 400 Mid Cap Value ETF by 26.5% in the third quarter. US Bancorp DE now owns 955 shares of the company’s stock valued at $76,000 after purchasing an additional 200 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in SPDR S&P 400 Mid Cap Value ETF in the second quarter valued at $80,000.

About SPDR S&P 400 Mid Cap Value ETF

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.