SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Hits New 1-Year Low – Should You Sell?

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) reached a new 52-week low during trading on Friday . The stock traded as low as $68.31 and last traded at $70.10, with a volume of 38318 shares traded. The stock had previously closed at $72.91.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

The stock has a 50-day moving average price of $79.73 and a two-hundred day moving average price of $81.08. The stock has a market capitalization of $2.15 billion, a PE ratio of 16.80 and a beta of 1.17.

SPDR S&P 400 Mid Cap Value ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a dividend of $0.2455 per share. The ex-dividend date was Monday, March 24th.

Institutional Trading of SPDR S&P 400 Mid Cap Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MDYV. Continuum Advisory LLC boosted its holdings in 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 worth $25,000 after buying an additional 281 shares during the period. Assetmark Inc. lifted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 1,088.5% in the fourth quarter. Assetmark Inc. now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 283 shares in the last quarter. Copia Wealth Management bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth about $26,000. Finally, Versant Capital Management Inc bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the 1st quarter valued at approximately $26,000.

SPDR S&P 400 Mid Cap Value ETF Company Profile

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.