SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sees Strong Trading Volume – Here’s Why

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) shares saw strong trading volume on Tuesday . 106,720 shares changed hands during trading, an increase of 57% from the previous session’s volume of 67,801 shares.The stock last traded at $98.2560 and had previously closed at $97.97.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

The stock has a market cap of $2.59 billion, a PE ratio of 22.35 and a beta of 1.08. The company’s fifty day moving average is $94.76 and its 200-day moving average is $92.00.

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

Several institutional investors and hedge funds have recently modified their holdings of MDYG. JDM Financial Group LLC acquired a new stake in SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth about $25,000. Caitlin John LLC purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter worth approximately $28,000. Hantz Financial Services Inc. grew its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 760.5% during 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 during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter valued at approximately $30,000. Finally, Atwood & Palmer Inc. acquired a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter valued at $49,000.

SPDR S&P 400 Mid Cap Growth 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. 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.