SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Sets New 52-Week High – Time to Buy?

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $599.79 and last traded at $596.90, with a volume of 162717 shares changing hands. The stock had previously closed at $576.69.

SPDR S&P MidCap 400 ETF Trust Trading Up 4.1 %

The firm has a 50 day moving average price of $565.21 and a 200 day moving average price of $550.39. The stock has a market capitalization of $23.73 billion, a PE ratio of 15.70 and a beta of 1.09.

Institutional Trading of SPDR S&P MidCap 400 ETF Trust

A number of hedge funds have recently bought and sold shares of MDY. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 1.2% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,555 shares of the exchange traded fund’s stock worth $886,000 after buying an additional 18 shares during the last quarter. Asset Management Group Inc. grew its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.4% in the second quarter. Asset Management Group Inc. now owns 4,864 shares of the exchange traded fund’s stock valued at $2,603,000 after purchasing an additional 19 shares in the last quarter. SPC Financial Inc. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 3.2% in the 3rd quarter. SPC Financial Inc. now owns 619 shares of the exchange traded fund’s stock worth $353,000 after acquiring an additional 19 shares during the last quarter. Pacific Sun Financial Corp boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 1.8% in the 2nd quarter. Pacific Sun Financial Corp now owns 1,140 shares of the exchange traded fund’s stock valued at $610,000 after purchasing an additional 20 shares during the last quarter. Finally, Bristlecone Advisors LLC lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 0.3% in the 2nd quarter. Bristlecone Advisors LLC now owns 6,374 shares of the exchange traded fund’s stock valued at $3,410,000 after purchasing an additional 20 shares during the last quarter.

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.