SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Unusually-High Trading Volume – What’s Next?

Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) saw unusually-strong trading volume on Tuesday . Approximately 569,942 shares changed hands during mid-day trading, an increase of 282% from the previous session’s volume of 149,166 shares.The stock last traded at $79.86 and had previously closed at $79.60.

SPDR S&P 400 Mid CapGrowth ETF Stock Down 1.9 %

The firm has a market capitalization of $2.47 billion, a PE ratio of 21.05 and a beta of 1.12. The company’s 50-day simple moving average is $87.40 and its 200 day simple moving average is $88.32.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of MDYG. Legacy Investment Solutions LLC purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the third quarter worth about $25,000. Centricity Wealth Management LLC acquired a new stake in SPDR S&P 400 Mid CapGrowth ETF in the 4th quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter worth approximately $27,000. Cape Investment Advisory Inc. increased its stake in SPDR S&P 400 Mid CapGrowth ETF by 198.1% during the 4th quarter. Cape Investment Advisory Inc. now owns 310 shares of the company’s stock valued at $27,000 after purchasing an additional 206 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new position in shares of SPDR S&P 400 Mid CapGrowth ETF in the fourth quarter worth $33,000.

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.