SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Hits New 52-Week Low – Here’s What Happened

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $76.13 and last traded at $76.77, with a volume of 277154 shares trading hands. The stock had previously closed at $81.58.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

The company has a market cap of $2.30 billion, a PE ratio of 21.35 and a beta of 1.12. The business’s 50 day moving average is $84.43 and its 200-day moving average is $87.78.

SPDR S&P 400 Mid CapGrowth ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.1481 per share. The ex-dividend date was Monday, March 24th.

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

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in SPDR S&P 400 Mid CapGrowth ETF by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,612 shares of the company’s stock worth $1,809,000 after buying an additional 446 shares during the last quarter. Park Avenue Securities LLC lifted its stake in SPDR S&P 400 Mid CapGrowth ETF by 11.9% during the fourth quarter. Park Avenue Securities LLC now owns 12,167 shares of the company’s stock worth $1,057,000 after purchasing an additional 1,295 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in SPDR S&P 400 Mid CapGrowth ETF by 88.8% in the fourth quarter. Bank of New York Mellon Corp now owns 6,096 shares of the company’s stock valued at $530,000 after purchasing an additional 2,867 shares in the last quarter. Jane Street Group LLC increased its stake in SPDR S&P 400 Mid CapGrowth ETF by 149.6% in the third quarter. Jane Street Group LLC now owns 12,063 shares of the company’s stock valued at $1,058,000 after purchasing an additional 7,231 shares during the last quarter. Finally, B&D White Capital Company LLC acquired a new stake in SPDR S&P 400 Mid CapGrowth ETF during the fourth quarter worth approximately $1,995,000.

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.