SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Large Volume Increase – Should You Buy?

Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) saw an uptick in trading volume on Tuesday . 569,942 shares changed 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 Price Performance

The company has a fifty day moving average price of $87.88 and a two-hundred day moving average price of $88.51. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 21.05 and a beta of 1.12.

Institutional Trading of SPDR S&P 400 Mid CapGrowth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital A Wealth Management LLC bought a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the 4th quarter worth $33,000. WCG Wealth Advisors LLC lifted its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 0.7% during the fourth quarter. WCG Wealth Advisors LLC now owns 91,546 shares of the company’s stock valued at $7,954,000 after purchasing an additional 629 shares during the last quarter. Breakthru Advisory Services LLC acquired a new position in shares of SPDR S&P 400 Mid CapGrowth ETF in the 4th quarter valued at $249,000. Mosaic Family Wealth Partners LLC increased its stake in SPDR S&P 400 Mid CapGrowth ETF by 56.1% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 11,862 shares of the company’s stock worth $1,031,000 after purchasing an additional 4,261 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 4th quarter worth about $1,584,000.

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.