SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Strong Trading Volume – Time to Buy?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw unusually-high trading volume on Tuesday . Approximately 835,906 shares changed hands during trading, an increase of 227% from the previous session’s volume of 255,786 shares.The stock last traded at $80.66 and had previously closed at $80.20.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The business has a 50-day simple moving average of $83.00 and a 200-day simple moving average of $79.31. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Large investors have recently bought and sold shares of the business. Continuum Advisory LLC grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 2,007.1% in the 3rd 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 last quarter. US Bancorp DE boosted its stake 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 acquiring an additional 200 shares in the last quarter. DRW Securities LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Value ETF during the third quarter worth about $202,000. Etfidea LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the third quarter worth about $209,000. Finally, Vance Wealth Inc. purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at about $211,000.

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.