Free Trial
NYSEARCA:MDY

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

$557.44
+6.61 (+1.20%)
(As of 08/21/2024 ET)
Today's Range
$551.90
$557.79
50-Day Range
$523.84
$568.92
52-Week Range
$424.22
$574.11
Volume
531,744 shs
Average Volume
871,239 shs
Market Capitalization
$22.03 billion
Assets Under Management
$21.93 billion
Dividend Yield
1.09%
Net Expense Ratio
0.24%
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

Multi-Asset Solutions: Macro July 2024 Update
MDY: Growth Will Outperform The S&P 500 Index
What Is the $7,882 Stimulus Payment 2024?
Biden’s government just announced a new government "stimulus program"... And it could hand you a payment for as much as $7,882 — each quarter.
SPDR S&P MIDCAP 400 ETF Trust (MDY)
SPDR® S&P MIDCAP 400 ETF Trust (MDY)
What Is the $7,882 Stimulus Payment 2024?
Biden’s government just announced a new government "stimulus program"... And it could hand you a payment for as much as $7,882 — each quarter.
See More Headlines
Receive MDY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for SPDR S&P MidCap 400 ETF Trust and its competitors with MarketBeat's FREE daily newsletter.

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
403

Fund Statistics

Assets Under Management
$21.93 billion
Average Daily Volume
$836,427.00
Discount/Premium
0.33%

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
61
Put Options
42
Call Options
19
Short Interest
1,200,000 shs

Miscellaneous

Beta
1.09
Creation Unit
25,000
Creation Fee
$3,000.00
13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

SPDR S&P MidCap 400 ETF Trust Expenses

TypeMDYMid Cap ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.10%0.33%0.54%0.51%0.51%
Other Expenses0.14%0.47%0.50%0.59%0.54%
Total Expense0.24%0.49%0.70%0.74%0.71%
Fee Waiver0.00%-0.68%-0.53%-0.68%-0.58%
Net Expense0.24%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 provides exposure to a diversified range of sectors including financials, industrials, information technology, consumer discretionary, healthcare, and materials.
  • The ETF focuses on tracking the performance of the S&P MidCap 400 Index, which covers over 7% of the United States equities market.
  • Investors can benefit from the positive earnings trend of companies included in the index, which are required to have four consecutive quarters of positive earnings.
  • With Bank of New York acting as the investment manager, investors can have confidence in the management of the ETF.
  • Recent stock price movements indicate potential growth opportunities 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 stocks, leading to fluctuations in the ETF's value.
  • As an ETF, investors are subject to management fees and expenses that can reduce overall returns.
  • While the ETF offers diversification, it may not provide the same level of exposure to large-cap or small-cap stocks compared to other funds.
  • Investors should consider their risk tolerance as mid-cap stocks can be more volatile than large-cap stocks.
  • External economic factors can influence the performance of the ETF, requiring investors to stay informed about market conditions.
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 Monday, August 19, 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 this year?

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 9.9% and is now trading at $557.44.
View the best growth stocks for 2024 here
.

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

SPDR S&P MidCap 400 ETF Trust's top institutional shareholders include Granite Bay Wealth Management LLC (5.35%), US Bancorp DE (2.66%), Northwestern Mutual Wealth Management Co. (1.35%) and Bank of Montreal Can (1.28%).

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.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Costco Wholesale (COST).

This page (NYSEARCA:MDY) was last updated on 8/22/2024 by MarketBeat.com Staff

From Our Partners