SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Unusually-High Trading Volume

Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) saw unusually-high trading volume on Thursday . Approximately 411,358 shares were traded during mid-day trading, an increase of 113% from the previous session’s volume of 193,422 shares.The stock last traded at $82.55 and had previously closed at $83.14.

SPDR S&P 400 Mid CapGrowth ETF Stock Down 0.3 %

The stock has a market capitalization of $2.92 billion, a P/E ratio of 18.34 and a beta of 1.09. The firm has a 50-day moving average of $83.78 and a 200 day moving average of $76.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Occidental Asset Management LLC raised its stake in SPDR S&P 400 Mid CapGrowth ETF by 2.2% during the third quarter. Occidental Asset Management LLC now owns 22,135 shares of the company’s stock worth $1,530,000 after acquiring an additional 471 shares in the last quarter. SFG Wealth Management LLC. increased its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 78.0% in the third quarter. SFG Wealth Management LLC. now owns 86,272 shares of the company’s stock valued at $5,965,000 after buying an additional 37,804 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 128,947 shares of the company’s stock valued at $8,915,000 after buying an additional 1,219 shares in the last quarter. FAS Wealth Partners Inc. boosted its holdings in SPDR S&P 400 Mid CapGrowth ETF by 3.9% during the third quarter. FAS Wealth Partners Inc. now owns 415,831 shares of the company’s stock worth $28,751,000 after buying an additional 15,646 shares during the last quarter. Finally, YHB Investment Advisors Inc. boosted its holdings in SPDR S&P 400 Mid CapGrowth ETF by 2.7% during the third quarter. YHB Investment Advisors Inc. now owns 10,034 shares of the company’s stock worth $694,000 after buying an additional 265 shares during the last quarter.

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.