SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Hits New 52-Week High – Time to Buy?

Shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $93.94 and last traded at $94.3090, with a volume of 54805 shares changing hands. The stock had previously closed at $92.57.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

The stock has a market capitalization of $2.46 billion, a P/E ratio of 22.35 and a beta of 1.08. The business has a 50-day moving average price of $91.35 and a 200 day moving average price of $89.53.

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

A number of institutional investors have recently modified their holdings of MDYG. PNC Financial Services Group Inc. raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the company’s stock worth $242,000 after purchasing an additional 173 shares during the last quarter. HighTower Advisors LLC increased its stake in SPDR S&P 400 Mid Cap Growth ETF by 3.4% during the 1st quarter. HighTower Advisors LLC now owns 272,600 shares of the company’s stock valued at $21,661,000 after purchasing an additional 9,075 shares in the last quarter. Klingman & Associates LLC raised its holdings in SPDR S&P 400 Mid Cap Growth ETF by 0.9% in the first quarter. Klingman & Associates LLC now owns 302,748 shares of the company’s stock worth $24,056,000 after buying an additional 2,752 shares during the last quarter. Financial Network Wealth Advisors LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 13.8% in the first quarter. Financial Network Wealth Advisors LLC now owns 6,173 shares of the company’s stock worth $491,000 after buying an additional 747 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 20.0% during the first quarter. Raymond James Financial Inc. now owns 344,974 shares of the company’s stock valued at $27,412,000 after buying an additional 57,470 shares during the last quarter.

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.