SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Sees Unusually-High Trading Volume – Should You Buy?

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) saw strong trading volume on Monday . 3,007,308 shares changed hands during mid-day trading, an increase of 188% from the previous session’s volume of 1,044,658 shares.The stock last traded at $474.20 and had previously closed at $483.74.

SPDR S&P MidCap 400 ETF Trust Stock Performance

The firm has a fifty day moving average price of $549.16 and a 200 day moving average price of $572.46. The firm has a market capitalization of $21.00 billion, a price-to-earnings ratio of 18.90 and a beta of 1.14.

Institutional Investors Weigh In On SPDR S&P MidCap 400 ETF Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in SPDR S&P MidCap 400 ETF Trust by 5.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,370,369 shares of the exchange traded fund’s stock valued at $780,535,000 after purchasing an additional 65,493 shares during the last quarter. GAMMA Investing LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 527,197.9% in the first quarter. GAMMA Investing LLC now owns 1,228,604 shares of the exchange traded fund’s stock valued at $655,436,000 after acquiring an additional 1,228,371 shares during the last quarter. Proficio Capital Partners LLC increased its position in SPDR S&P MidCap 400 ETF Trust by 8,245.4% during the 4th quarter. Proficio Capital Partners LLC now owns 580,841 shares of the exchange traded fund’s stock worth $330,835,000 after purchasing an additional 573,881 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $328,419,000. Finally, Moore Capital Management LP purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $300,169,000.

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.