SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Hits New 12-Month High – Here’s What Happened

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $649.18 and last traded at $648.5040, with a volume of 56485 shares traded. The stock had previously closed at $634.94.

SPDR S&P MidCap 400 ETF Trust Price Performance

The company has a market cap of $25.44 billion, a P/E ratio of 18.98 and a beta of 1.06. The stock has a 50-day moving average of $622.07 and a 200 day moving average of $601.87.

Institutional Trading of SPDR S&P MidCap 400 ETF Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 12.6% in the 4th quarter. Brighton Jones LLC now owns 2,040 shares of the exchange traded fund’s stock valued at $1,162,000 after purchasing an additional 228 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 27.9% during the 1st quarter. AQR Capital Management LLC now owns 6,417 shares of the exchange traded fund’s stock worth $3,423,000 after buying an additional 1,401 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 4.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,023 shares of the exchange traded fund’s stock worth $546,000 after buying an additional 42 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the second quarter valued at about $714,000. Finally, IFP Advisors Inc boosted its stake in SPDR S&P MidCap 400 ETF Trust by 45.7% in the second quarter. IFP Advisors Inc now owns 1,324 shares of the exchange traded fund’s stock valued at $750,000 after buying an additional 415 shares in 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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.