SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Reaches New 52-Week Low – Here’s What Happened

Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $78.82 and last traded at $80.05, with a volume of 97390 shares. The stock had previously closed at $81.53.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

The firm has a market capitalization of $2.51 billion, a P/E ratio of 21.05 and a beta of 1.12. The company’s 50 day moving average price is $87.73 and its 200 day moving average price is $88.46.

Institutional Investors Weigh In On SPDR S&P 400 Mid CapGrowth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citigroup Inc. increased its position 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 purchasing an additional 34,717 shares during the period. LPL Financial LLC boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 1.2% in the 4th quarter. LPL Financial LLC now owns 1,755,895 shares of the company’s stock valued at $152,570,000 after purchasing an additional 21,506 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 17.5% in the 4th quarter. Stifel Financial Corp now owns 1,406,917 shares of the company’s stock valued at $122,247,000 after purchasing an additional 209,297 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 19.3% during the 4th quarter. Benjamin Edwards Inc. now owns 1,184,278 shares of the company’s stock worth $102,903,000 after buying an additional 191,334 shares during the period. Finally, NorthRock Partners LLC raised its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 185.9% during the fourth quarter. NorthRock Partners LLC now owns 998,446 shares of the company’s stock worth $86,755,000 after buying an additional 649,192 shares during the last quarter.

About SPDR S&P 400 Mid CapGrowth ETF

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.