SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Reaches New 52-Week High – Should You Buy?

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG)’s stock price reached a new 52-week high on Thursday . The company traded as high as $101.13 and last traded at $100.05, with a volume of 102040 shares changing hands. The stock had previously closed at $100.26.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

The company has a market cap of $2.58 billion, a PE ratio of 22.35 and a beta of 1.08. The stock’s 50-day simple moving average is $96.16 and its 200 day simple moving average is $92.73.

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

Hedge funds have recently added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new position in SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter worth approximately $25,000. Caitlin John LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at approximately $28,000. Hantz Financial Services Inc. grew its holdings in SPDR S&P 400 Mid Cap Growth ETF by 760.5% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the company’s stock worth $30,000 after acquiring an additional 289 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P 400 Mid Cap Growth ETF during the fourth quarter worth $30,000. Finally, Atwood & Palmer Inc. purchased a new position in SPDR S&P 400 Mid Cap Growth ETF in the third quarter worth $49,000.

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.