SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sets New 52-Week High – What’s Next?

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) shares hit a new 52-week high on Wednesday . The stock traded as high as $93.94 and last traded at $94.3090, with a volume of 54805 shares trading hands. The stock had previously closed at $92.57.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

The stock has a fifty day moving average of $91.50 and a 200-day moving average of $89.67. The company has a market cap of $2.45 billion, a PE ratio of 22.35 and a beta of 1.08.

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

Several hedge funds have recently made changes to their positions in the company. XY Planning Network Inc. acquired a new position in SPDR S&P 400 Mid Cap Growth ETF during the second quarter valued at $780,000. Norden Group LLC grew its position in SPDR S&P 400 Mid Cap Growth ETF by 36.9% during the 2nd quarter. Norden Group LLC now owns 5,191 shares of the company’s stock worth $451,000 after purchasing an additional 1,400 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 28.2% during the 2nd quarter. Avantax Advisory Services Inc. now owns 53,328 shares of the company’s stock valued at $4,633,000 after buying an additional 11,740 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 1.1% in the 2nd quarter. AE Wealth Management LLC now owns 739,745 shares of the company’s stock valued at $64,262,000 after buying an additional 8,307 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the company’s stock valued at $242,000 after buying an additional 173 shares during the period.

SPDR S&P 400 Mid Cap Growth ETF Company Profile

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.