SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sets New 12-Month High – Time to Buy?

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) reached a new 52-week high during trading on Monday . The stock traded as high as $96.93 and last traded at $96.8290, with a volume of 7958 shares trading hands. The stock had previously closed at $96.66.

SPDR S&P 400 Mid Cap Growth ETF Stock Up 0.5%

The firm has a fifty day moving average of $92.60 and a 200-day moving average of $91.04. The firm has a market cap of $2.57 billion, a P/E ratio of 22.35 and a beta of 1.08.

Institutional Trading of SPDR S&P 400 Mid Cap Growth ETF

Institutional investors have recently bought and sold shares of the business. Valmark Advisers Inc. acquired a new position in SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth $553,000. Benjamin Edwards Inc. lifted its position in SPDR S&P 400 Mid Cap Growth ETF by 23.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 605,203 shares of the company’s stock worth $55,413,000 after buying an additional 114,306 shares in the last quarter. XY Planning Network Inc. acquired a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 2nd quarter worth about $780,000. Norden Group LLC grew its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 36.9% in the 2nd quarter. Norden Group LLC now owns 5,191 shares of the company’s stock valued at $451,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 36.7% in the third quarter. Centennial Wealth Advisory LLC now owns 25,779 shares of the company’s stock valued at $2,360,000 after acquiring an additional 6,926 shares during the last quarter.

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.