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

Shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $112.17 and last traded at $112.09, with a volume of 131113 shares changing hands. The stock had previously closed at $110.66.

SPDR S&P 400 Mid Cap Growth ETF Trading Up 1.3%

The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 22.35 and a beta of 1.06. The company’s 50 day moving average is $107.49 and its 200-day moving average is $101.08.

Institutional Trading of SPDR S&P 400 Mid Cap Growth ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. UNIVEST FINANCIAL Corp lifted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 1,102.7% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 320,940 shares of the company’s stock valued at $29,665,000 after buying an additional 294,255 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 26.1% during the 4th quarter. AE Wealth Management LLC now owns 1,084,310 shares of the company’s stock worth $100,223,000 after acquiring an additional 224,654 shares during the last quarter. WCG Wealth Advisors LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 257.6% during the 4th quarter. WCG Wealth Advisors LLC now owns 276,185 shares of the company’s stock worth $25,528,000 after acquiring an additional 198,955 shares during the last quarter. Corient Private Wealth LLC raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 104.5% in the 2nd quarter. Corient Private Wealth LLC now owns 296,652 shares of the company’s stock valued at $25,771,000 after acquiring an additional 151,605 shares during the period. Finally, Private Advisor Group LLC raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 40.6% in the 1st quarter. Private Advisor Group LLC now owns 425,586 shares of the company’s stock valued at $40,839,000 after acquiring an additional 122,989 shares during the period.

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.