Foundations Investment Advisors LLC Buys 127,678 Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Foundations Investment Advisors LLC lifted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 2,181.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 133,530 shares of the company’s stock after purchasing an additional 127,678 shares during the quarter. Foundations Investment Advisors LLC owned 0.38% of SPDR S&P 400 Mid CapGrowth ETF worth $11,602,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of SPDR S&P 400 Mid CapGrowth ETF in the 3rd quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter valued at about $27,000. Sound Income Strategies LLC bought a new position in SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter valued at approximately $28,000. Mattson Financial Services LLC bought a new position in SPDR S&P 400 Mid CapGrowth ETF during the 2nd quarter valued at approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in SPDR S&P 400 Mid CapGrowth ETF by 189.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 535 shares of the company’s stock valued at $46,000 after purchasing an additional 350 shares during the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Stock Performance

Shares of NYSEARCA:MDYG opened at $90.48 on Monday. SPDR S&P 400 Mid CapGrowth ETF has a 52-week low of $75.28 and a 52-week high of $95.51. The firm has a market capitalization of $3.21 billion, a P/E ratio of 18.50 and a beta of 1.09. The stock has a 50 day moving average price of $90.45 and a 200-day moving average price of $88.10.

About SPDR S&P 400 Mid CapGrowth 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.