SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Hits New 12-Month High – Time to Buy?

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $113.67 and last traded at $114.79, with a volume of 1740 shares trading hands. The stock had previously closed at $113.58.

SPDR S&P 400 Mid Cap Growth ETF Stock Up 1.1%

The firm’s 50-day moving average is $109.35 and its 200-day moving average is $104.25. The company has a market cap of $3.02 billion, a PE ratio of 22.35 and a beta of 1.05.

Institutional Trading of SPDR S&P 400 Mid Cap Growth ETF

Hedge funds have recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp boosted its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 50.0% in the first quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 28.2% during the 2nd quarter. JFS Wealth Advisors LLC now owns 518 shares of the company’s stock valued at $58,000 after buying an additional 114 shares in the last quarter. Arax Advisory Partners purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the fourth quarter valued at $51,000. Financial Life Planners bought a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the first quarter valued at about $62,000. Finally, Community Financial Services Group LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the second quarter valued at about $84,000.

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.