SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Sees Strong Trading Volume

Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) saw unusually-high trading volume on Tuesday . Approximately 640,895 shares changed hands during mid-day trading, an increase of 203% from the previous session’s volume of 211,579 shares.The stock last traded at $85.88 and had previously closed at $85.44.

SPDR S&P 400 Mid CapGrowth ETF Stock Performance

The stock’s fifty day simple moving average is $84.27 and its two-hundred day simple moving average is $77.23. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 17.93 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Parcion Private Wealth LLC increased its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 73.0% in the fourth quarter. Parcion Private Wealth LLC now owns 1,018,828 shares of the company’s stock worth $77,095,000 after acquiring an additional 429,985 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the 1st quarter valued at about $37,185,000. Tradewinds Capital Management LLC bought a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the 1st quarter valued at approximately $30,219,000. Private Advisor Group LLC increased its stake in SPDR S&P 400 Mid CapGrowth ETF by 126.3% in the fourth quarter. Private Advisor Group LLC now owns 351,059 shares of the company’s stock valued at $26,565,000 after acquiring an additional 195,914 shares during the period. Finally, Financial Engines Advisors L.L.C. grew its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 11.9% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,836,885 shares of the company’s stock valued at $127,002,000 after purchasing an additional 194,898 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.