SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sees Strong Trading Volume – Here’s Why

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) shares saw an uptick in trading volume on Tuesday . 106,720 shares traded hands during mid-day trading, an increase of 57% from the previous session’s volume of 67,801 shares.The stock last traded at $98.2560 and had previously closed at $97.97.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 22.35 and a beta of 1.08. The business’s 50 day moving average is $94.18 and its 200 day moving average is $91.84.

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

Institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC increased its stake in SPDR S&P 400 Mid Cap Growth ETF by 26.1% in the fourth quarter. AE Wealth Management LLC now owns 1,084,310 shares of the company’s stock valued at $100,223,000 after purchasing an additional 224,654 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 104.5% in the 2nd quarter. Corient Private Wealth LLC now owns 296,652 shares of the company’s stock valued at $25,771,000 after buying an additional 151,605 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 23.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 605,203 shares of the company’s stock valued at $55,413,000 after buying an additional 114,306 shares during the last quarter. Merit Financial Group LLC raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 738.4% during the 4th quarter. Merit Financial Group LLC now owns 89,545 shares of the company’s stock worth $8,277,000 after acquiring an additional 78,864 shares in the last quarter. Finally, Cordatus Wealth Management LLC purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the second quarter valued at $5,405,000.

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.