SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Hits New 12-Month Low – What’s Next?

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) shares reached a new 52-week low during trading on Monday . The company traded as low as $78.82 and last traded at $80.05, with a volume of 97390 shares changing hands. The stock had previously closed at $81.53.

SPDR S&P 400 Mid CapGrowth ETF Stock Performance

The stock has a market cap of $2.52 billion, a PE ratio of 21.05 and a beta of 1.12. The business has a 50-day moving average of $88.03 and a 200 day moving average of $88.56.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,612 shares of the company’s stock valued at $1,809,000 after acquiring an additional 446 shares during the last quarter. Park Avenue Securities LLC raised its stake in SPDR S&P 400 Mid CapGrowth ETF by 11.9% during the fourth quarter. Park Avenue Securities LLC now owns 12,167 shares of the company’s stock worth $1,057,000 after purchasing an additional 1,295 shares during the period. Cerity Partners LLC boosted its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 33.5% in the 3rd quarter. Cerity Partners LLC now owns 11,296 shares of the company’s stock valued at $991,000 after purchasing an additional 2,834 shares during the last quarter. Jane Street Group LLC grew its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 149.6% during the 3rd quarter. Jane Street Group LLC now owns 12,063 shares of the company’s stock valued at $1,058,000 after buying an additional 7,231 shares during the period. Finally, B&D White Capital Company LLC acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the 4th quarter worth $1,995,000.

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.