SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Unusually-High Trading Volume – Still a Buy?

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) shares saw unusually-strong trading volume on Tuesday . Approximately 448,908 shares changed hands 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 stock has a 50-day simple moving average of $90.46 and a 200 day simple moving average of $88.13. The company has a market cap of $3.20 billion, a PE ratio of 18.50 and a beta of 1.09.

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

A number of large investors have recently modified their holdings of MDYG. Benjamin Edwards Inc. boosted its stake in SPDR S&P 400 Mid CapGrowth ETF by 6,605.5% during the 3rd 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 during the period. Stifel Financial Corp raised its holdings in shares of 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 valued at $105,079,000 after buying an additional 711,253 shares during the last quarter. Confluence Investment Management LLC boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 165.6% during the third quarter. Confluence Investment Management LLC now owns 488,176 shares of the company’s stock worth $42,833,000 after buying an additional 304,355 shares during the period. International Assets Investment Management LLC grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 8,673.6% during the third quarter. International Assets Investment Management LLC now owns 211,268 shares of the company’s stock worth $18,537,000 after buying an additional 208,860 shares during the last quarter. Finally, Parcion Private Wealth LLC increased its position in SPDR S&P 400 Mid CapGrowth ETF by 30.8% in the 3rd quarter. Parcion Private Wealth LLC now owns 825,383 shares of the company’s stock valued at $72,419,000 after acquiring an additional 194,413 shares during the period.

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.