SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sets New 52-Week High – Still a Buy?

Shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $101.13 and last traded at $100.05, with a volume of 102040 shares. The stock had previously closed at $100.26.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

The firm has a 50 day simple moving average of $95.93 and a two-hundred day simple moving average of $92.62. The stock has a market cap of $2.59 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

A number of hedge funds and other institutional investors have recently made changes to their positions in MDYG. JDM Financial Group LLC bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at approximately $25,000. Caitlin John LLC acquired a new stake in SPDR S&P 400 Mid Cap Growth ETF in the third quarter worth approximately $28,000. Hantz Financial Services Inc. boosted its stake in SPDR S&P 400 Mid Cap Growth ETF by 760.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the company’s stock valued at $30,000 after purchasing an additional 289 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter valued at $30,000. Finally, Atwood & Palmer Inc. bought a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter worth $49,000.

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.