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

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) shares reached a new 52-week high on Friday . The company traded as high as $99.98 and last traded at $99.6590, with a volume of 53717 shares traded. The stock had previously closed at $96.36.

SPDR S&P 400 Mid Cap Growth ETF Stock Up 3.6%

The firm has a 50 day moving average of $95.31 and a 200-day moving average of $92.29. The firm has a market capitalization of $2.58 billion, a P/E ratio of 22.35 and a beta of 1.08.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDYG. JDM Financial Group LLC bought a new stake in SPDR S&P 400 Mid Cap Growth ETF in the third quarter worth approximately $25,000. Caitlin John LLC bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at approximately $28,000. Hantz Financial Services Inc. raised its position in SPDR S&P 400 Mid Cap Growth ETF by 760.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the company’s stock valued at $30,000 after buying an additional 289 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the fourth quarter valued at about $30,000. Finally, Atwood & Palmer Inc. purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter valued at about $49,000.

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.