SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Reaches New 12-Month High – Time to Buy?

Shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $111.64 and last traded at $111.15, with a volume of 12752 shares changing hands. The stock had previously closed at $109.72.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

The stock has a 50-day simple moving average of $105.12 and a 200-day simple moving average of $99.58. The stock has a market cap of $2.88 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

Institutional investors have recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF during the third quarter valued at about $28,000. Hantz Financial Services Inc. boosted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 760.5% in the third quarter. Hantz Financial Services Inc. now owns 327 shares of the company’s stock worth $30,000 after buying an additional 289 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the fourth quarter worth about $30,000. KERR FINANCIAL PLANNING Corp boosted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 50.0% in 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. Finally, Arax Advisory Partners purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the fourth quarter worth about $51,000.

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.