SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Strong Trading Volume

Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) saw an uptick in trading volume on Thursday . 411,358 shares were traded during trading, an increase of 113% from the previous session’s volume of 193,422 shares.The stock last traded at $82.55 and had previously closed at $83.14.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

The company has a fifty day moving average of $83.90 and a 200-day moving average of $76.50. The firm has a market cap of $2.94 billion, a P/E ratio of 17.93 and a beta of 1.07.

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

Several institutional investors have recently bought and sold shares of MDYG. SFG Wealth Management LLC. grew its stake in SPDR S&P 400 Mid CapGrowth ETF by 78.0% in the 3rd quarter. SFG Wealth Management LLC. now owns 86,272 shares of the company’s stock valued at $5,965,000 after purchasing an additional 37,804 shares during the period. Commonwealth Equity Services LLC grew its stake in SPDR S&P 400 Mid CapGrowth ETF by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 128,947 shares of the company’s stock valued at $8,915,000 after purchasing an additional 1,219 shares during the period. FAS Wealth Partners Inc. grew its stake in SPDR S&P 400 Mid CapGrowth ETF by 3.9% in the 3rd quarter. FAS Wealth Partners Inc. now owns 415,831 shares of the company’s stock valued at $28,751,000 after purchasing an additional 15,646 shares during the period. YHB Investment Advisors Inc. grew its stake in SPDR S&P 400 Mid CapGrowth ETF by 2.7% in the 3rd quarter. YHB Investment Advisors Inc. now owns 10,034 shares of the company’s stock valued at $694,000 after purchasing an additional 265 shares during the period. Finally, RMR Wealth Builders bought a new position in SPDR S&P 400 Mid CapGrowth ETF in the 3rd quarter valued at $491,000.

About SPDR S&P 400 Mid CapGrowth 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.