SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Large Volume Increase – Time to Buy?

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) saw an uptick in trading volume on Tuesday . 91,090 shares were traded during mid-day trading, a decline of 21% from the previous session’s volume of 115,193 shares.The stock last traded at $88.26 and had previously closed at $87.03.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

The business’s 50 day simple moving average is $90.55 and its 200 day simple moving average is $87.64. The company has a market capitalization of $3.10 billion, a PE ratio of 18.50 and a beta of 1.09.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new position in SPDR S&P 400 Mid CapGrowth ETF in the third quarter valued at $25,000. Darwin Wealth Management LLC acquired a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the third quarter worth about $27,000. Sound Income Strategies LLC acquired a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the third quarter worth about $28,000. Mattson Financial Services LLC purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the second quarter worth approximately $30,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in SPDR S&P 400 Mid CapGrowth ETF in the third quarter worth approximately $48,000.

SPDR S&P 400 Mid CapGrowth 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.