SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sets New 52-Week High – Here’s Why

Posted by Erica Schwartz on Nov 24th, 2024

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG – Get Free Report)’s stock price reached a new 52-week high on Friday . The company traded as high as $93.43 and last traded at $93.39, with a volume of 87288 shares. The stock had previously closed at $91.94.

SPDR S&P 400 Mid CapGrowth ETF Stock Up 1.7 %

The stock’s 50 day moving average is $88.74 and its two-hundred day moving average is $86.28. The company has a market capitalization of $3.31 billion, a PE ratio of 18.50 and a beta of 1.09.

Institutional Trading of SPDR S&P 400 Mid CapGrowth ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its stake in SPDR S&P 400 Mid CapGrowth ETF by 1.4% in the third quarter. Citigroup Inc. now owns 2,437,057 shares of the company’s stock worth $213,827,000 after acquiring an additional 34,717 shares during the period. LPL Financial LLC lifted its stake in SPDR S&P 400 Mid CapGrowth ETF by 2.9% in the third quarter. LPL Financial LLC now owns 1,734,389 shares of the company’s stock worth $152,175,000 after acquiring an additional 49,227 shares during the period. Stifel Financial Corp raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 146.2% in the third quarter. Stifel Financial Corp now owns 1,197,620 shares of the company’s stock worth $105,079,000 after purchasing an additional 711,253 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 6,605.5% in the third quarter. Benjamin Edwards Inc. now owns 992,944 shares of the company’s stock worth $87,122,000 after purchasing an additional 978,136 shares in the last quarter. Finally, Parcion Private Wealth LLC raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 30.8% in the third quarter. Parcion Private Wealth LLC now owns 825,383 shares of the company’s stock worth $72,419,000 after purchasing an additional 194,413 shares in the last quarter.

About SPDR S&P 400 Mid CapGrowth ETF

(Get Free Report)

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.