SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sets New 12-Month High – What’s Next?

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) shares hit a new 52-week high during trading on Friday . The company traded as high as $93.43 and last traded at $93.39, with a volume of 87288 shares traded. The stock had previously closed at $91.94.

SPDR S&P 400 Mid CapGrowth ETF Trading Up 1.7 %

The company’s 50 day moving average is $88.57 and its 200 day moving average is $86.22. The company has a market cap of $3.31 billion, a PE ratio of 18.50 and a beta of 1.09.

Institutional Trading of SPDR S&P 400 Mid CapGrowth ETF

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 1.4% during the 3rd quarter. Citigroup Inc. now owns 2,437,057 shares of the company’s stock worth $213,827,000 after acquiring an additional 34,717 shares in the last quarter. LPL Financial LLC raised its position in SPDR S&P 400 Mid CapGrowth ETF by 2.9% in the 3rd quarter. LPL Financial LLC now owns 1,734,389 shares of the company’s stock valued at $152,175,000 after buying an additional 49,227 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 146.2% in the third quarter. Stifel Financial Corp now owns 1,197,620 shares of the company’s stock valued at $105,079,000 after buying an additional 711,253 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 6,605.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 992,944 shares of the company’s stock worth $87,122,000 after buying an additional 978,136 shares in the last quarter. Finally, Parcion Private Wealth LLC grew its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 30.8% during the 3rd quarter. Parcion Private Wealth LLC now owns 825,383 shares of the company’s stock worth $72,419,000 after buying an additional 194,413 shares during the period.

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.