SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Hits New 1-Year High – What’s Next?

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) hit a new 52-week high on Monday . The company traded as high as $112.35 and last traded at $112.25, with a volume of 12761 shares traded. The stock had previously closed at $112.06.

SPDR S&P 400 Mid Cap Growth ETF Stock Up 0.3%

The company has a fifty day simple moving average of $109.10 and a two-hundred day simple moving average of $103.93. The stock has a market capitalization of $2.95 billion, a P/E ratio of 22.35 and a beta of 1.05.

Institutional Investors Weigh In On SPDR S&P 400 Mid Cap Growth ETF

Institutional investors have recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp grew its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 50.0% in the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. Arax Advisory Partners bought a new stake in SPDR S&P 400 Mid Cap Growth ETF during the fourth quarter worth about $51,000. JFS Wealth Advisors LLC raised its holdings in SPDR S&P 400 Mid Cap Growth ETF by 28.2% during the second quarter. JFS Wealth Advisors LLC now owns 518 shares of the company’s stock worth $58,000 after acquiring an additional 114 shares in the last quarter. Financial Life Planners acquired a new position in SPDR S&P 400 Mid Cap Growth ETF during the first quarter valued at approximately $62,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in SPDR S&P 400 Mid Cap Growth ETF in the first quarter valued at approximately $73,000.

SPDR S&P 400 Mid Cap Growth ETF Company Profile

SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $850 million and $3.8 billion.