SPDR S&P MidCap 400 ETF TrustSPDR S&P MidCap 400 ETF TrustSPDR S&P MidCap 400 ETF Trust

SPDR S&P MidCap 400 ETF Trust

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Key stats


Assets under management (AUM)
‪22.05 B‬USD
Fund flows (1Y)
‪−23.87 M‬USD
Dividend yield (indicated)
1.28%
Discount/Premium to NAV
−0.07%
Shares outstanding
‪40.02 M‬
Expense ratio
0.24%

About SPDR S&P MidCap 400 ETF Trust


Brand
SPDR
Home page
Inception date
May 4, 1995
Structure
Open-Ended Fund
Index tracked
S&P Mid Cap 400
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
State Street Global Advisors Trust Co.
Distributor
ALPS Distributors, Inc.
MDY, as one of the first ETFs to launch in the US, the fund offers extremely liquid exposure to a popular mid-cap index. It is one of several funds tracking the S&P mid-cap 400 Index. Unlike most competitors, MDY uses the unit investment trust structure, which requires a direct replication of its underlying index and doesn`t allow for reinvesting dividends between distribution dates or for lending out securities. While this older legal structure is perfectly serviceable, it hinders the fund`s tracking in comparison to competitors. Although the fund bills itself as mid-caps only, in comparison to our large-leaning benchmark it includes a small-cap tilt causing a lower average market cap. Still, the fund is a good representation of its segment of the market, taking no significant sector bets and avoiding concentrated holdings. While very long-term investors might prefer peer funds, MDY is a solid and extremely popular choice in the mid-cap space.

Classification


Asset Class
Equity
Category
Size and style
Focus
Mid cap
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market cap
Selection criteria
Committee
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stock breakdown by region
98%1%
Top 10 holdings

See all ideas 

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to MDY via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MDY trades at 548.72 USD today, its price has fallen −0.41% in the past 24 hours. Track more dynamics on MDY price chart.
MDY net asset value is 549.13 today — it's risen 5.34% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MDY assets under management is ‪22.05 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MDY price has risen by 6.53% over the last month, and its yearly performance shows a 2.34% increase. See more dynamics on MDY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.34% over the last month, showed a −2.66% decrease in three-month performance and has increased by 4.13% in a year.
MDY fund flows account for ‪−23.87 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MDY invests in stocks. See more details in our Analysis section.
MDY expense ratio is 0.24%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MDY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, MDY technical analysis shows the sell rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating MDY shows the buy signal. See more of MDY technicals for a more comprehensive analysis.
Yes, MDY pays dividends to its holders with the dividend yield of 1.28%.
MDY trades at a premium (0.07%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MDY shares are issued by State Street Corp.
MDY follows the S&P Mid Cap 400. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 4, 1995.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.