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NYSEARCA:MDY

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

$540.46
+7.17 (+1.34%)
(As of 06/12/2024 ET)
Today's Range
$538.68
$546.70
50-Day Range
$516.73
$556.17
52-Week Range
$424.22
$558.34
Volume
982,894 shs
Average Volume
896,473 shs
Market Capitalization
$21.36 billion
Assets Under Management
$21.44 billion
Dividend Yield
1.12%
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

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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
$21.44 billion
Average Daily Volume
$746,413.80
Discount/Premium
-0.10%

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
1,242
Put Options
1,212
Call Options
30
Short Interest
1,420,000 shs

Miscellaneous

Beta
1.09
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%0.51%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%-0.54%-0.68%-0.56%
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 has shown consistent growth in its stock price over the past year, indicating a positive trend in the market.
  • Investing in this ETF provides diversification across mid-cap companies, which can help spread risk compared to investing in individual stocks.
  • The ETF offers exposure to a broad range of mid-cap companies, allowing investors to participate in the growth potential of this market segment.
  • With a lower expense ratio compared to actively managed funds, SPDR S&P MidCap 400 ETF Trust can offer cost-effective exposure to mid-cap stocks.
  • Mid-cap companies often have the potential for higher growth compared to large-cap companies, providing investors with opportunities for capital appreciation.

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 stocks, 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 returns.
  • Investors should be aware of the inherent risks associated with investing in equities, including the possibility of loss of principal.
  • ETFs are subject to market risk, liquidity risk, and tracking error, which can impact overall returns.
  • Changes in interest rates or economic conditions can influence the performance of mid-cap stocks held within the ETF.
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, June 8, 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 at the beginning of the year. Since then, MDY shares have increased by 6.8% and is now trading at $542.10.
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 $21.44 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 retail and institutional investors. Top institutional investors include US Bancorp DE (2.63%), Raymond James & Associates (0.89%), Conservest Capital Advisors Inc. (0.60%), Global Assets Advisory LLC (0.55%), MAI Capital Management (0.51%) and Raymond James Financial Services Advisors Inc. (0.34%).

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.
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This page (NYSEARCA:MDY) was last updated on 6/12/2024 by MarketBeat.com Staff

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