SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sets New 52-Week High – Still a Buy?

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) shares reached a new 52-week high on Wednesday . The stock traded as high as $107.89 and last traded at $107.12, with a volume of 10626 shares changing hands. The stock had previously closed at $105.43.

SPDR S&P 400 Mid Cap Growth ETF Stock Up 2.0%

The firm’s 50-day moving average price is $99.76 and its 200 day moving average price is $96.31. The company has a market capitalization of $2.79 billion, a P/E ratio of 22.35 and a beta of 1.06.

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

Several hedge funds and other institutional investors have recently made changes to their positions in MDYG. Caitlin John LLC bought a new stake in SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter worth about $28,000. Hantz Financial Services Inc. grew its position in SPDR S&P 400 Mid Cap Growth ETF by 760.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the company’s stock worth $30,000 after purchasing an additional 289 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR S&P 400 Mid Cap Growth ETF in the 4th quarter worth about $30,000. KERR FINANCIAL PLANNING Corp grew its position in SPDR S&P 400 Mid Cap Growth ETF by 50.0% in the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock worth $34,000 after purchasing an additional 114 shares in the last quarter. Finally, Arax Advisory Partners bought a new stake in SPDR S&P 400 Mid Cap Growth ETF in the 4th quarter worth about $51,000.

About SPDR S&P 400 Mid Cap Growth 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. 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.