The S&P MidCap 400 Index, more commonly known as the S&P 400, is a stock market index from S&P Dow Jones Indices. The index serves as a barometer for the U.S. mid-cap equities sector and is the most widely followed mid-cap index in existence. To be included in the index, a stock must have a total market capitalization that ranges from roughly $750 million to $3.3 billion.
It has set a series of all-time highs since the Federal Reserve announced its third round of recent quantitative easing in mid-September 2012. At the weekly and monthly close of November 30, 2012, the index settled at the 1,000 point mark, and it has continued to rise in early 2013, setting new records above 1,200 by mid-May.
Its current record close is 1,257.39, set on September 18, 2013.
Its current all-time intraday high is 1,261.18, reached on August 1, 2013.
The following exchange-traded funds (ETFs) attempt to track this index and sub-indexes:
- Index Fund: NYSE Arca: MDY & NYSE Arca: IJH
- Growth Index Fund: NYSE Arca: IJK
- Value Index Fund: NYSE Arca: IJJ
- "Standard & Poor’s Announces Update to the U.S. Market Cap Guidelines and Changes to U.S. Indices" (PDF). Standard & Poor’s. December 18, 2008. Retrieved 2013-08-25.
- MDY - SPDR S&P MidCap 400 ETF State Street Global Advisors (SSgA)
- iShares Core S&P Mid-Cap ETF (IJH): Overview iShares
- Yahoo Finance page for ^MID
- Bloomberg page for MID:IND
- Standard & Poor's page for S&P MidCap 400 Index
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