SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Unusually-High Trading Volume – Here’s Why

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) shares saw unusually-high trading volume on Tuesday . Approximately 448,908 shares changed hands during trading, an increase of 240% from the previous session’s volume of 132,038 shares.The stock last traded at $90.01 and had previously closed at $89.85.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

The company has a market capitalization of $3.22 billion, a PE ratio of 18.50 and a beta of 1.09. The stock has a 50-day simple moving average of $90.46 and a 200 day simple moving average of $88.16.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDYG. Legacy Investment Solutions LLC acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter valued at $27,000. Sound Income Strategies LLC acquired a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter valued at $28,000. Mattson Financial Services LLC purchased a new position in SPDR S&P 400 Mid CapGrowth ETF during the second quarter worth $30,000. Finally, Capital Investment Advisory Services LLC lifted its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 110.1% in the fourth quarter. Capital Investment Advisory Services LLC now owns 418 shares of the company’s stock valued at $36,000 after acquiring an additional 219 shares in 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.