Confluence Investment Management LLC increased its position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG – Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 548,721 shares of the company’s stock after purchasing an additional 60,545 shares during the quarter. Confluence Investment Management LLC’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $47,678,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MDYG. Legacy Investment Solutions LLC acquired a new position in SPDR S&P 400 Mid CapGrowth ETF during the third quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter worth approximately $27,000. Sound Income Strategies LLC acquired a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter worth approximately $28,000. Mattson Financial Services LLC bought a new stake in SPDR S&P 400 Mid CapGrowth ETF in the 2nd quarter valued at $30,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter valued at $48,000.
SPDR S&P 400 Mid CapGrowth ETF Price Performance
MDYG stock traded up $0.48 during midday trading on Thursday, reaching $87.37. 37,882 shares of the company were exchanged, compared to its average volume of 204,610. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. The business has a 50-day moving average price of $90.53 and a two-hundred day moving average price of $87.44. SPDR S&P 400 Mid CapGrowth ETF has a one year low of $73.09 and a one year high of $95.51.
SPDR S&P 400 Mid CapGrowth 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.
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