SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) saw unusually-high trading volume on Tuesday . Approximately 448,908 shares traded hands during trading, an increase of 240% from the previous session’s volume of 132,038 shares.The stock last traded at $90.01 and had previously closed at $89.85.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

The company has a market capitalization of $3.22 billion, a PE ratio of 18.50 and a beta of 1.09. The company’s fifty day moving average is $90.46 and its 200-day moving average is $88.16.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the third quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter valued at approximately $27,000. Sound Income Strategies LLC purchased a new position in shares of SPDR S&P 400 Mid CapGrowth ETF in the third quarter worth $28,000. Mattson Financial Services LLC acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the second quarter worth $30,000. Finally, Capital Investment Advisory Services LLC grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 110.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 418 shares of the company’s stock valued at $36,000 after buying an additional 219 shares during the last quarter.

About SPDR S&P 400 Mid CapGrowth 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.