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

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) hit a new 52-week high on Thursday . The company traded as high as $111.74 and last traded at $110.70, with a volume of 18543 shares. The stock had previously closed at $109.65.

SPDR S&P 400 Mid Cap Growth ETF Trading Down 0.6%

The stock has a market capitalization of $2.85 billion, a P/E ratio of 22.35 and a beta of 1.06. The company has a 50-day moving average price of $107.18 and a two-hundred day moving average price of $100.77.

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

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 1.3% during the first quarter. Royal Bank of Canada now owns 81,888 shares of the company’s stock worth $6,507,000 after acquiring an additional 1,090 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in SPDR S&P 400 Mid Cap Growth ETF by 35.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,032 shares of the company’s stock valued at $320,000 after acquiring an additional 1,054 shares in the last quarter. NewEdge Advisors LLC lifted its position in SPDR S&P 400 Mid Cap Growth ETF by 7.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,127 shares of the company’s stock valued at $407,000 after acquiring an additional 336 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in SPDR S&P 400 Mid Cap Growth ETF by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,302 shares of the company’s stock worth $3,679,000 after purchasing an additional 2,922 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the first quarter worth approximately $371,000.

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.