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

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) shares saw unusually-high trading volume on Tuesday . Approximately 91,090 shares were traded during trading, a decline of 21% from the previous session’s volume of 115,193 shares.The stock last traded at $88.26 and had previously closed at $87.03.

SPDR S&P 400 Mid CapGrowth ETF Stock Up 0.5 %

The firm’s 50 day simple moving average is $90.55 and its 200-day simple moving average is $87.64. The company has a market capitalization of $3.10 billion, a PE ratio of 18.50 and a beta of 1.09.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC boosted its position in SPDR S&P 400 Mid CapGrowth ETF by 33.5% in the 3rd quarter. Cerity Partners LLC now owns 11,296 shares of the company’s stock valued at $991,000 after buying an additional 2,834 shares during the last quarter. Perennial Investment Advisors LLC grew its stake in SPDR S&P 400 Mid CapGrowth ETF by 0.6% during the 2nd quarter. Perennial Investment Advisors LLC now owns 82,784 shares of the company’s stock valued at $6,959,000 after purchasing an additional 486 shares in the last quarter. Jane Street Group LLC increased its holdings in SPDR S&P 400 Mid CapGrowth ETF by 149.6% during the 3rd quarter. Jane Street Group LLC now owns 12,063 shares of the company’s stock worth $1,058,000 after purchasing an additional 7,231 shares during the last quarter. Balanced Wealth Group LLC raised its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 6.1% in the 2nd quarter. Balanced Wealth Group LLC now owns 227,099 shares of the company’s stock valued at $19,090,000 after purchasing an additional 12,984 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 12.2% during the 2nd quarter. AE Wealth Management LLC now owns 744,990 shares of the company’s stock valued at $62,624,000 after buying an additional 81,121 shares during the last quarter.

SPDR S&P 400 Mid CapGrowth 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.