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

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $91.74 and last traded at $91.74, with a volume of 3892 shares changing hands. The stock had previously closed at $88.51.

SPDR S&P 400 Mid CapGrowth ETF Stock Up 0.5 %

The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. The company has a 50-day moving average price of $87.30 and a 200 day moving average price of $85.73.

Institutional Trading of SPDR S&P 400 Mid CapGrowth ETF

Several institutional investors have recently made changes to their positions in MDYG. BNP Paribas Financial Markets purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF in the 1st quarter worth approximately $4,364,000. Envestnet Portfolio Solutions Inc. purchased a new position in SPDR S&P 400 Mid CapGrowth ETF in the first quarter valued at about $8,246,000. PFG Advisors raised its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 7.4% during the 1st quarter. PFG Advisors now owns 10,908 shares of the company’s stock worth $952,000 after purchasing an additional 754 shares in the last quarter. WealthPLAN Partners LLC lifted its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 90.7% during the 1st quarter. WealthPLAN Partners LLC now owns 5,129 shares of the company’s stock valued at $448,000 after buying an additional 2,440 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 132.0% during the 1st quarter. US Bancorp DE now owns 5,688 shares of the company’s stock valued at $497,000 after buying an additional 3,236 shares during the last quarter.

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.