SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Large Volume Increase – Time to Buy?

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYGGet Free Report) saw an uptick in trading volume on Tuesday . 448,908 shares were traded during mid-day 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 Stock Up 0.5 %

The firm has a fifty day moving average of $90.46 and a 200-day moving average of $88.13. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in SPDR S&P 400 Mid CapGrowth ETF by 12.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 85,856 shares of the company’s stock valued at $7,217,000 after purchasing an additional 9,516 shares during the last quarter. Truist Financial Corp grew its holdings in SPDR S&P 400 Mid CapGrowth ETF by 6.3% in the 2nd quarter. Truist Financial Corp now owns 142,574 shares of the company’s stock valued at $11,985,000 after buying an additional 8,510 shares during the period. Creekside Partners acquired a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the 2nd quarter valued at about $405,000. Mattson Financial Services LLC purchased a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the 2nd quarter worth about $30,000. Finally, Waller Financial Planning Group Inc. boosted its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 4.3% in the third quarter. Waller Financial Planning Group Inc. now owns 56,318 shares of the company’s stock worth $4,941,000 after acquiring an additional 2,345 shares during 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.

Further Reading

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