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

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) shares hit a new 52-week high during trading on Monday . The company traded as high as $111.64 and last traded at $111.15, with a volume of 12752 shares trading hands. The stock had previously closed at $109.72.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

The stock has a market cap of $2.88 billion, a PE ratio of 22.35 and a beta of 1.06. The business has a fifty day moving average of $105.12 and a 200 day moving average of $99.58.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 26.1% during the fourth quarter. AE Wealth Management LLC now owns 1,084,310 shares of the company’s stock valued at $100,223,000 after buying an additional 224,654 shares in the last quarter. Morgan Stanley raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 13.8% during the fourth quarter. Morgan Stanley now owns 767,912 shares of the company’s stock valued at $70,978,000 after buying an additional 92,943 shares in the last quarter. FAS Wealth Partners Inc. raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 2.1% during the first quarter. FAS Wealth Partners Inc. now owns 507,678 shares of the company’s stock valued at $48,717,000 after buying an additional 10,447 shares in the last quarter. Raymond James Financial Inc. raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 7.3% during the third quarter. Raymond James Financial Inc. now owns 425,874 shares of the company’s stock valued at $38,993,000 after buying an additional 28,794 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 40.6% during the first quarter. Private Advisor Group LLC now owns 425,586 shares of the company’s stock valued at $40,839,000 after buying an additional 122,989 shares in the last quarter.

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. 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.