Key stats
About SPDR S&P MidCap 400 ETF Trust
Expense ratio
0.24%
Home page
Inception date
May 4, 1995
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
What's in the fund
Exposure type
Finance
Producer Manufacturing
Stock breakdown by region
MDY vs PPI, CPI, FOMC & Quadruple WitchingMDY has been holding above it's SMA200 for 19 days so far. In the next 7 days there are 4 catalyst events on the horizon.
PPI 12/9 8:30am
CPI 12/13 8:30am
FOMC 12/14 2pm
Quadruple Witching 12/16
Before it's too late, it's time to give careful thought and plan a strategy for upside or downside prob
Small & mid cap stocks are outperforming larger cap stocks!The outperformance in small & mid cap stocks so far this year is noticeable. I wouldn't be surprised to see this outperformance continue for the rest of 2021.
Midcaps breaking above this resistance area!The mid cap stocks are breaking above this big resistance area. This is telling because it's saying that the broader market is starting to participate in this rally off the March lows. This is a bullish indicator to me.
Mid caps and small caps will lead the next leg up. MDY, RUTMarket has found support. No more bad news can come out. Market is oversold. R/R long side is good from here. Indicators building higher lows and higher highs. Short squeeze is coming.
midcap struggle is real$SPY midcap ETF struggling here. short under 342 as that would signal a lower high on daily $SPY
S&P Midcap 400Critical level here. Could be a last point of supply (LPSY). Otherwise there needs to be a lot of buying volume to come in and move price through this area. The other scenario is that the market moves sideways/pullback.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.