SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Reaches New 1-Year High – Time to Buy?

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYGGet Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $111.74 and last traded at $110.70, with a volume of 18543 shares changing hands. The stock had previously closed at $109.65.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

The stock has a 50-day moving average price of $106.87 and a two-hundred day moving average price of $100.58. The stock has a market cap of $2.87 billion, a PE ratio of 22.35 and a beta of 1.06.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Growth ETF

Several institutional investors have recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the fourth quarter worth about $30,000. KERR FINANCIAL PLANNING Corp lifted its stake in SPDR S&P 400 Mid Cap Growth ETF by 50.0% in the first quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares during the period. Arax Advisory Partners bought a new position in SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter worth about $51,000. Finally, Financial Life Planners bought a new position in SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter worth about $59,000.

About SPDR S&P 400 Mid Cap Growth ETF

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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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $850 million and $3.8 billion.

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