SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Strong Trading Volume – What’s Next?

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) shares saw strong trading volume on Tuesday . 569,942 shares traded hands during mid-day trading, an increase of 282% from the previous session’s volume of 149,166 shares.The stock last traded at $79.86 and had previously closed at $79.60.

SPDR S&P 400 Mid CapGrowth ETF Trading Down 0.4 %

The firm has a market cap of $2.51 billion, a P/E ratio of 21.05 and a beta of 1.12. The business’s 50-day moving average is $87.88 and its two-hundred day moving average is $88.51.

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

Several large investors have recently added to or reduced their stakes in MDYG. US Bancorp DE increased its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 9.2% in the 3rd quarter. US Bancorp DE now owns 2,204 shares of the company’s stock worth $193,000 after acquiring an additional 186 shares during the period. Farther Finance Advisors LLC grew its holdings in SPDR S&P 400 Mid CapGrowth ETF by 242.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,138 shares of the company’s stock worth $100,000 after buying an additional 806 shares in the last quarter. Atria Investments Inc increased its position in SPDR S&P 400 Mid CapGrowth ETF by 72.1% in the 3rd quarter. Atria Investments Inc now owns 18,282 shares of the company’s stock valued at $1,604,000 after acquiring an additional 7,659 shares during the period. Harbour Investments Inc. raised its stake in SPDR S&P 400 Mid CapGrowth ETF by 8.4% during the 3rd quarter. Harbour Investments Inc. now owns 3,848 shares of the company’s stock valued at $338,000 after acquiring an additional 297 shares in the last quarter. Finally, First National Trust Co boosted its position in SPDR S&P 400 Mid CapGrowth ETF by 3.1% during the 3rd quarter. First National Trust Co now owns 364,788 shares of the company’s stock worth $32,006,000 after acquiring an additional 11,071 shares during the period.

SPDR S&P 400 Mid CapGrowth 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.