SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Hits New 1-Year High – Time to Buy?

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

SPDR S&P 400 Mid Cap Growth ETF Stock Up 0.6%

The stock’s fifty day simple moving average is $100.03 and its 200-day simple moving average is $96.56. The company has a market capitalization of $2.79 billion, a PE ratio of 22.35 and a beta of 1.06.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Carnegie Investment Counsel lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 1.8% during the 1st quarter. Carnegie Investment Counsel now owns 5,729 shares of the company’s stock worth $550,000 after purchasing an additional 101 shares during the period. Retirement Income Solutions Inc. increased its stake in SPDR S&P 400 Mid Cap Growth ETF by 4.9% in the fourth quarter. Retirement Income Solutions Inc. now owns 2,349 shares of the company’s stock valued at $217,000 after purchasing an additional 109 shares during the last quarter. KERR FINANCIAL PLANNING Corp lifted its position in SPDR S&P 400 Mid Cap Growth ETF by 50.0% during the first quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the period. Tucker Asset Management LLC lifted its position in SPDR S&P 400 Mid Cap Growth ETF by 6.3% during the fourth quarter. Tucker Asset Management LLC now owns 1,999 shares of the company’s stock worth $185,000 after buying an additional 119 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in SPDR S&P 400 Mid Cap Growth ETF by 3.4% in the 4th quarter. CreativeOne Wealth LLC now owns 3,829 shares of the company’s stock worth $354,000 after buying an additional 125 shares during the last quarter.

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.