Cetera Investment Advisers Grows Stock Position in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Cetera Investment Advisers boosted its holdings in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 24.5% during the first quarter, Holdings Channel reports. The institutional investor owned 141,139 shares of the company’s stock after buying an additional 27,760 shares during the period. Cetera Investment Advisers’ holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $13,544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AE Wealth Management LLC raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 26.1% during the fourth quarter. AE Wealth Management LLC now owns 1,084,310 shares of the company’s stock worth $100,223,000 after purchasing an additional 224,654 shares during the period. Elevated Capital Advisors LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 40.5% in the 4th quarter. Elevated Capital Advisors LLC now owns 24,162 shares of the company’s stock valued at $2,233,000 after purchasing an additional 6,962 shares during the last quarter. UNIVEST FINANCIAL Corp grew its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 1,102.7% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 320,940 shares of the company’s stock valued at $29,665,000 after buying an additional 294,255 shares during the period. Mach 1 Financial Group LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter valued at $1,902,000. Finally, Centennial Wealth Advisory LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 51.5% during the 1st quarter. Centennial Wealth Advisory LLC now owns 43,666 shares of the company’s stock worth $4,191,000 after buying an additional 14,839 shares during the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Trading Down 2.2%

Shares of MDYG opened at $105.32 on Thursday. The firm has a market capitalization of $2.77 billion, a P/E ratio of 22.35 and a beta of 1.05. The stock’s fifty day simple moving average is $108.79 and its 200 day simple moving average is $103.19. SPDR S&P 400 Mid Cap Growth ETF has a twelve month low of $86.23 and a twelve month high of $112.17.

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.