SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Sees Strong Trading Volume – Time to Buy?

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) saw strong trading volume on Monday . 943,966 shares were traded during trading, an increase of 9% from the previous session’s volume of 865,012 shares.The stock last traded at $585.93 and had previously closed at $590.68.

SPDR S&P MidCap 400 ETF Trust Trading Up 0.9 %

The company has a market cap of $23.44 billion, a PE ratio of 15.70 and a beta of 1.09. The business has a fifty day moving average of $588.65 and a 200-day moving average of $574.15.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter worth approximately $28,000. West Financial Advisors LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth approximately $28,000. New Wave Wealth Advisors LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth approximately $32,000. Brooklyn Investment Group purchased a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth approximately $36,000. Finally, Peterson Financial Group Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust in the 3rd quarter worth approximately $68,000.

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.