SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 299,423 shares traded hands during mid-day trading, an increase of 107% from the previous session’s volume of 144,867 shares.The stock last traded at $89.89 and had previously closed at $89.76.
SPDR S&P 400 Mid CapGrowth ETF Stock Performance
The firm’s 50 day simple moving average is $89.74 and its 200 day simple moving average is $88.37. The firm has a market capitalization of $3.13 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
A number of hedge funds have recently made changes to their positions in MDYG. Legacy Investment Solutions LLC purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF in the third quarter valued at $25,000. Centricity Wealth Management LLC acquired a new position in shares of SPDR S&P 400 Mid CapGrowth ETF in the fourth quarter worth $26,000. Darwin Wealth Management LLC purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter worth about $27,000. Cape Investment Advisory Inc. raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 198.1% in the fourth quarter. Cape Investment Advisory Inc. now owns 310 shares of the company’s stock valued at $27,000 after acquiring an additional 206 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter worth $28,000.
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.
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