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

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) shares hit a new 52-week high during trading on Monday . The company traded as high as $111.64 and last traded at $111.15, with a volume of 12752 shares changing hands. The stock had previously closed at $109.72.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

The stock has a fifty day moving average of $105.65 and a 200 day moving average of $99.84. The firm has a market capitalization of $2.86 billion, a P/E ratio of 22.35 and a beta of 1.06.

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

A number of hedge funds have recently bought and sold shares of MDYG. Caitlin John LLC bought a new stake in SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter valued at approximately $30,000. KERR FINANCIAL PLANNING Corp grew its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 50.0% during 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 during the period. Arax Advisory Partners bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter valued at approximately $51,000. Finally, Financial Life Planners bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter valued at approximately $59,000.

About SPDR S&P 400 Mid Cap Growth ETF

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.