SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG – Get Free Report)’s share price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $104.48 and traded as high as $105.24. SPDR S&P 400 Mid Cap Growth ETF shares last traded at $104.90, with a volume of 76,531 shares traded.
SPDR S&P 400 Mid Cap Growth ETF Stock Performance
The company has a market cap of $2.85 billion, a price-to-earnings ratio of 22.35 and a beta of 1.06. The firm’s 50 day simple moving average is $106.00 and its 200-day simple moving average is $104.48.
Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Growth ETF
A number of institutional investors have recently bought and sold shares of the company. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter worth $211,000. Salomon & Ludwin LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth $1,806,000. Vise Technologies Inc. raised its position in SPDR S&P 400 Mid Cap Growth ETF by 18.0% in the 3rd quarter. Vise Technologies Inc. now owns 5,128 shares of the company’s stock valued at $536,000 after purchasing an additional 783 shares in the last quarter. Intrua Financial LLC purchased a new position in SPDR S&P 400 Mid Cap Growth ETF in the third quarter worth approximately $391,000. Finally, MGO One Seven LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth $1,460,000.
About SPDR S&P 400 Mid Cap Growth 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. 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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