NYSEARCA:MDY

SPDR S&P MidCap 400 ETF Trust (MDY) Price, Holdings, & News

$529.80
0.00 (0.00%)
(As of 04/24/2024 ET)
Today's Range
$526.32
$532.06
50-Day Range
$513.09
$556.40
52-Week Range
$424.22
$558.34
Volume
771,679 shs
Average Volume
955,391 shs
Market Capitalization
$21.35 billion
Assets Under Management
$21.56 billion
Dividend Yield
1.14%
Net Expense Ratio
0.22%
MDY stock logo

About SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

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. Bank of New York acts as an investment manager.

MDY Stock Price History

MDY ETF News Headlines

SPDR S&P MIDCAP 400 ETF Trust (MDY)
The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
SPDR® S&P MIDCAP 400 ETF Trust (MDY)
The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
MDY - SPDR S&P MidCap 400 ETF
See More Headlines
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Fund Details

Issuer
SSgA
Fund Name
SPDR S&P MidCap 400 ETF Trust
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:MDY
Inception Date
5/4/1995
Fund Manager
N/A

Fund Focus

Asset Class
Equity
Benchmark
S&P Midcap 400 Index
Category
Size and Style
Focus
Mid Cap
Development Level
Developed Markets
Region
North America
Number of Holdings
402

Fund Statistics

Assets Under Management
$21.56 billion
Average Daily Volume
$970,250.10
Discount/Premium
-0.02%

Administrator, Advisor and Custodian

Administrator
The Bank of New York Mellon Corporation
Advisor
SSgA Funds Management, Inc.
Custodian
The Bank of New York Mellon Corporation
Distributor
ALPS Distributors, Inc.
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
The Bank of New York Mellon Corporation
Lead Market Maker
Virtu Financial

Options

Optionable
Optionable
Options Volume
1,790
Put Options
1,717
Call Options
73
Short Interest
1,250,000 shs

Miscellaneous

Beta
1.12
Creation Unit
25,000
Creation Fee
$3,000.00
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SPDR S&P MidCap 400 ETF Trust Expenses

TypeMDYMid Cap ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.10%0.34%0.54%0.50%0.51%
Other Expenses0.12%0.36%0.54%0.64%0.58%
Total Expense0.22%0.46%0.70%0.74%0.70%
Fee Waiver0.00%-0.46%-0.55%-0.68%-0.57%
Net Expense0.22%0.37%0.60%0.58%0.58%

SPDR S&P MidCap 400 ETF Trust (MDY) Holdings & Exposure

MDY Sector Exposure

MDY Industry Exposure

Should I Buy SPDR S&P MidCap 400 ETF Trust Stock? MDY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in SPDR S&P MidCap 400 ETF Trust:

  • SPDR S&P MidCap 400 ETF Trust tracks the performance of the S&P MidCap 400 Index, providing exposure to a diversified range of mid-cap companies in the United States equities market.
  • Investing in this ETF allows investors to gain exposure to sectors such as financials, industrials, information technology, consumer discretionary, healthcare, and materials, which can offer diversification benefits.
  • The ETF is managed by Bank of New York, a reputable investment manager, providing professional oversight and management of the fund.
  • Recent positive earnings reports from companies included in the S&P MidCap 400 Index indicate potential growth opportunities within the index.
  • Current stock price of SPDR S&P MidCap 400 ETF Trust is favorable compared to historical averages, presenting a potential buying opportunity for investors.

Cons

Investors should be bearish about investing in SPDR S&P MidCap 400 ETF Trust for these reasons:

  • Market volatility can impact the performance of mid-cap companies, leading to fluctuations in the ETF's value.
  • Mid-cap companies may be more susceptible to economic downturns compared to large-cap companies, potentially affecting the ETF's returns during challenging economic conditions.
  • Investors should consider the expense ratio of the ETF, as higher fees can erode overall returns over time.
  • While the ETF offers diversification benefits, it may not provide exposure to other asset classes like bonds or international equities, limiting overall portfolio diversification.
  • Investors should closely monitor the performance of the S&P MidCap 400 Index and the ETF's holdings to assess any potential risks or changes in market conditions that could impact returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these SPDR S&P MidCap 400 ETF Trust pros and cons to contact@marketbeat.com.

MDY ETF - Frequently Asked Questions

How have MDY shares performed in 2024?

SPDR S&P MidCap 400 ETF Trust's stock was trading at $507.38 on January 1st, 2024. Since then, MDY shares have increased by 4.4% and is now trading at $529.80.
View the best growth stocks for 2024 here
.

What does MDY invest in?

SPDR S&P MidCap 400 ETF Trust is a equity fund issued by SSgA. MDY focuses on mid cap investments and follows the S&P Midcap 400 Index. The fund's investments total to approximately $21.56 billion assets under management.

What stocks does SPDR S&P MidCap 400 ETF Trust hold?
What is the management fee for SPDR S&P MidCap 400 ETF Trust?

SPDR S&P MidCap 400 ETF Trust's management fee is 0.10% and has other expenses of 0.12%. The net expense ratio for MDY is 0.22%.

What other stocks do shareholders of SPDR S&P MidCap 400 ETF Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SPDR S&P MidCap 400 ETF Trust investors own include AT&T (T), Chevron (CVX), Johnson & Johnson (JNJ), Pfizer (PFE), Walt Disney (DIS), Target (TGT), Costco Wholesale (COST), General Electric (GE), McDonald's (MCD) and NIKE (NKE).

Who are SPDR S&P MidCap 400 ETF Trust's major shareholders?

SPDR S&P MidCap 400 ETF Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include Raymond James & Associates (0.89%), Global Assets Advisory LLC (0.55%), Raymond James Financial Services Advisors Inc. (0.34%), WASHINGTON TRUST Co (0.26%), Divergent Planning LLC (0.15%) and Massmutual Trust Co. FSB ADV (0.14%).

How do I buy shares of SPDR S&P MidCap 400 ETF Trust?

Shares of MDY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:MDY) was last updated on 4/25/2024 by MarketBeat.com Staff

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