Pine Haven Investment Counsel Inc Buys New Shares in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Pine Haven Investment Counsel Inc purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,888 shares of the company’s stock, valued at approximately $929,000.

Several other hedge funds also recently made changes to their positions in MDYG. NorthRock Partners LLC lifted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 6.5% in the second quarter. NorthRock Partners LLC now owns 1,153,617 shares of the company’s stock worth $129,309,000 after purchasing an additional 70,276 shares in the last quarter. FAS Wealth Partners Inc. boosted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 2.1% during the first quarter. FAS Wealth Partners Inc. now owns 507,678 shares of the company’s stock worth $48,717,000 after purchasing an additional 10,447 shares during the last quarter. Avantax Planning Partners Inc. grew its position in SPDR S&P 400 Mid Cap Growth ETF by 11.6% in the first quarter. Avantax Planning Partners Inc. now owns 321,914 shares of the company’s stock valued at $30,891,000 after purchasing an additional 33,447 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at $22,639,000. Finally, Convergence Financial LLC bought a new position in SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at $22,484,000.

SPDR S&P 400 Mid Cap Growth ETF Trading Down 4.6%

Shares of MDYG stock opened at $99.70 on Friday. SPDR S&P 400 Mid Cap Growth ETF has a 1 year low of $87.09 and a 1 year high of $113.93. The firm’s fifty day moving average price is $105.33 and its two-hundred day moving average price is $104.61. The firm has a market capitalization of $2.71 billion, a P/E ratio of 25.03 and a beta of 1.06.

About SPDR S&P 400 Mid Cap Growth 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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $850 million and $3.8 billion.