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SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG - Get Free Report) shares hit a new 52-week high during trading on Monday. The company traded as high as $113.67 and last traded at $114.79, with a volume of 1740 shares changing hands. The stock had previously closed at $113.58. SPDR S&P 400 Mid Cap

The State Street SPDR S&P 400 Mid Cap Growth ETF (MDYG) was launched on November 8, 2005, and is a passively managed exchange traded fund designed to offer broad exposure to the Mid Cap Growth segment of the US equity market.

Cooling inflation and a weakening labor market could boost growth ETFs as rate-hike risks fade and AI spending supports earnings growth.

FAS Wealth Partners Inc. increased its position in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 2.1% in the undefined quarter, according to its most recent disclosure with the SEC. The institutional investor owned 507,678 shares of the company's stock after purchasing an additional 10,447 shares during the quarter.