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SPDR® S&P MIDCAP 400 ETF Trust (MDY)
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Upturn Advisory Summary
02/20/2025: MDY (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit -7.33% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) 878964 | Beta 1.08 | 52 Weeks Range 508.62 - 621.84 | Updated Date 02/22/2025 |
52 Weeks Range 508.62 - 621.84 | Updated Date 02/22/2025 |
AI Summary
ETF SPDR® S&P MIDCAP 400 ETF Trust (MDY)
Profile:
The ETF SPDR® S&P MIDCAP 400 ETF Trust (MDY) seeks to provide investment results that, before expenses, generally correspond to the total return performance of the S&P MidCap 400 Index. This index tracks the performance of 400 mid-capitalization companies in the United States. MDY primarily invests in common stocks included in the index.
Objective:
The primary investment goal of MDY is to offer investors exposure to the mid-cap segment of the U.S. equity market. It aims to track the performance of the S&P MidCap 400 Index, providing broad diversification across various mid-cap companies.
Issuer:
MDY is issued by State Street Global Advisors (SSGA), a leading asset manager with a long history and strong reputation in the financial services industry.
Reputation and Reliability:
SSGA is a well-established and reputable asset manager with a long track record of success. The firm has a strong financial position and is known for its commitment to transparency and investor interests.
Management:
The ETF is managed by an experienced team of investment professionals at SSGA. The team has a deep understanding of the mid-cap market and expertise in managing index-tracking funds.
Market Share:
MDY is one of the largest and most actively traded mid-cap ETFs available, with a significant market share in the mid-cap ETF space.
Total Net Assets:
As of November 14, 2023, MDY has approximately $45.5 billion in total net assets.
Moat:
MDY's competitive advantages include:
- Low expense ratio: The ETF has a low expense ratio of 0.09%, making it one of the most cost-effective ways to gain exposure to the mid-cap market.
- High liquidity: MDY is a highly liquid ETF with a large average daily trading volume, ensuring easy entry and exit for investors.
- Proven track record: The ETF has consistently tracked the performance of the S&P MidCap 400 Index, demonstrating its effectiveness in achieving its investment objective.
Financial Performance:
MDY has historically provided strong returns, closely mirroring the performance of the S&P MidCap 400 Index.
Benchmark Comparison:
MDY has consistently outperformed its benchmark index, the S&P MidCap 400 Index, over various timeframes.
Growth Trajectory:
The mid-cap segment of the U.S. equity market is expected to continue experiencing growth, driven by the expansion of mid-sized companies and their increasing contribution to the overall economy.
Liquidity:
MDY has a high average daily trading volume, making it a very liquid ETF. The bid-ask spread is also relatively tight, indicating low transaction costs.
Market Dynamics:
Factors affecting MDY's market environment include:
- Economic growth: A strong economy tends to benefit mid-cap companies, driving their growth and stock prices higher.
- Interest rates: Rising interest rates can make it more expensive for mid-cap companies to borrow money, potentially impacting their growth prospects.
- Investor sentiment: Positive investor sentiment towards mid-cap stocks can lead to increased demand for MDY, pushing its price higher.
Competitors:
Key competitors of MDY include:
- iShares S&P Mid-Cap 400 Value ETF (IJJ)
- Vanguard Mid-Cap ETF (VO)
- Schwab Total Stock Market Index (SWTSX)
Expense Ratio:
MDY has an expense ratio of 0.09%.
Investment Approach and Strategy:
MDY is a passively managed ETF that tracks the S&P MidCap 400 Index. It holds all the stocks included in the index in the same proportion as their weighting in the index.
Composition:
MDY invests in a diversified portfolio of approximately 400 mid-cap companies across various industries.
Key Points:
- Large and liquid ETF with low expense ratio.
- Offers exposure to the mid-cap segment of the U.S. equity market.
- Has a proven track record of performance.
Risks:
- Market risk: The value of MDY's shares can fluctuate due to changes in the overall stock market.
- Sector risk: The mid-cap segment of the market is more volatile than the overall market, leading to potential price swings.
- Interest rate risk: Rising interest rates can make it more expensive for mid-cap companies to borrow money, potentially impacting their growth and stock prices.
Who Should Consider Investing:
MDY is suitable for investors seeking:
- Exposure to the mid-cap segment of the U.S. equity market.
- A low-cost and diversified investment option.
- A long-term investment horizon.
Fundamental Rating Based on AI:
Based on an AI-based analysis of various factors, including financial health, market position, and future prospects, MDY receives a fundamental rating of 8 out of 10. This indicates that the ETF has strong fundamentals and is a potentially attractive investment option.
Resources and Disclaimers:
- https://www.spdrs.com/us/product/fund/equity/md
- https://www.ssga.com/us/en/individual/etfs/product/md-spdr-sp-midcap-400-etf-trust.html
- https://finance.yahoo.com/quote/MDY?p=MDY
Disclaimer:
This information is provided for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.
About SPDR® S&P MIDCAP 400 ETF Trust
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.