NewEdge Advisors LLC lowered its stake in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG – Free Report) by 31.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,394 shares of the company’s stock after selling 5,570 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $1,189,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of MDYG. KERR FINANCIAL PLANNING Corp lifted its position in SPDR S&P 400 Mid Cap Growth ETF by 50.0% during the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares in the last quarter. Arax Advisory Partners purchased a new position in SPDR S&P 400 Mid Cap Growth ETF in the 4th quarter worth approximately $51,000. Financial Life Planners acquired a new stake in SPDR S&P 400 Mid Cap Growth ETF in the first quarter valued at approximately $62,000. Turtle Creek Wealth Advisors LLC acquired a new stake in SPDR S&P 400 Mid Cap Growth ETF in the first quarter valued at approximately $73,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 21.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,100 shares of the company’s stock valued at $102,000 after purchasing an additional 194 shares during the period.
SPDR S&P 400 Mid Cap Growth ETF Stock Up 0.1%
MDYG opened at $113.68 on Tuesday. The firm’s 50 day moving average is $109.47 and its 200-day moving average is $104.36. SPDR S&P 400 Mid Cap Growth ETF has a 52-week low of $87.09 and a 52-week high of $113.93. The firm has a market capitalization of $2.99 billion, a P/E ratio of 22.35 and a beta of 1.05.
SPDR S&P 400 Mid Cap Growth ETF 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.
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