NewEdge Advisors LLC Lowers Holdings in SPDR S&P 400 Mid Cap Growth ETF $MDYG

NewEdge Advisors LLC reduced its position in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 37.7% during the 1st quarter, HoldingsChannel reports. The firm owned 11,188 shares of the company’s stock after selling 6,776 shares during the period. NewEdge Advisors LLC’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $1,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. AE Wealth Management LLC increased its stake in shares of 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 valued at $100,223,000 after buying an additional 224,654 shares during the period. Elevated Capital Advisors LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 40.5% in the fourth quarter. Elevated Capital Advisors LLC now owns 24,162 shares of the company’s stock valued at $2,233,000 after acquiring an additional 6,962 shares in the last quarter. UNIVEST FINANCIAL Corp lifted its stake in SPDR S&P 400 Mid Cap Growth ETF by 1,102.7% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 320,940 shares of the company’s stock worth $29,665,000 after acquiring an additional 294,255 shares during the period. Mach 1 Financial Group LLC bought a new position in SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter worth about $1,902,000. Finally, Centennial Wealth Advisory LLC grew its holdings in 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 acquiring an additional 14,839 shares in the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

NYSEARCA MDYG opened at $106.80 on Friday. SPDR S&P 400 Mid Cap Growth ETF has a one year low of $86.23 and a one year high of $112.17. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 22.35 and a beta of 1.05. The company’s 50-day simple moving average is $108.81 and its two-hundred day simple moving average is $103.28.

SPDR S&P 400 Mid Cap Growth 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. 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.