SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Hits New 1-Year Low – Time to Sell?

by · The Markets Daily

SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $76.13 and last traded at $76.77, with a volume of 277154 shares changing hands. The stock had previously closed at $81.58.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

The stock has a market cap of $2.43 billion, a PE ratio of 21.35 and a beta of 1.12. The stock’s fifty day moving average is $85.14 and its 200-day moving average is $87.95.

SPDR S&P 400 Mid CapGrowth ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.1481 per share. The ex-dividend date was Monday, March 24th.

Institutional Trading of SPDR S&P 400 Mid CapGrowth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp raised its stake 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 acquiring an additional 711,253 shares in the last quarter. NorthRock Partners LLC raised its position in SPDR S&P 400 Mid CapGrowth ETF by 185.9% in the 4th quarter. NorthRock Partners LLC now owns 998,446 shares of the company’s stock valued at $86,755,000 after purchasing an additional 649,192 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR S&P 400 Mid CapGrowth ETF in the 4th quarter valued at about $24,981,000. Benjamin Edwards Inc. grew its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 19.3% during the fourth 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 in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the fourth quarter worth approximately $14,077,000.

SPDR S&P 400 Mid CapGrowth ETF Company Profile

(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.

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