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

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $91.74 and last traded at $91.74, with a volume of 3892 shares traded. The stock had previously closed at $88.51.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

The company has a fifty day moving average price of $87.30 and a two-hundred day moving average price of $85.73. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09.

Hedge Funds Weigh In On SPDR S&P 400 Mid CapGrowth ETF

Several large investors have recently made changes to their positions in the business. Concord Wealth Partners boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 22.0% during the 3rd quarter. Concord Wealth Partners now owns 643 shares of the company’s stock worth $56,000 after acquiring an additional 116 shares in the last quarter. Harbour Investments Inc. increased its stake in SPDR S&P 400 Mid CapGrowth ETF by 3.5% in the 2nd quarter. Harbour Investments Inc. now owns 3,551 shares of the company’s stock worth $299,000 after purchasing an additional 119 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 0.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 36,690 shares of the company’s stock worth $3,219,000 after buying an additional 122 shares during the period. John W. Brooker & Co. CPAs lifted its stake in SPDR S&P 400 Mid CapGrowth ETF by 2.0% during the second quarter. John W. Brooker & Co. CPAs now owns 6,767 shares of the company’s stock valued at $569,000 after buying an additional 135 shares in the last quarter. Finally, Sage Financial Group Inc. increased its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 0.8% in the third quarter. Sage Financial Group Inc. now owns 21,711 shares of the company’s stock worth $1,905,000 after acquiring an additional 165 shares in 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.