Sage Financial Group Inc. Has $1.60 Million Stock Position in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Sage Financial Group Inc. lowered its position in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 2.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 18,459 shares of the company’s stock after selling 383 shares during the period. Sage Financial Group Inc.’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $1,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDYG. Citigroup Inc. increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 17.3% in the first quarter. Citigroup Inc. now owns 2,770,535 shares of the company’s stock worth $220,147,000 after acquiring an additional 408,202 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in SPDR S&P 400 Mid Cap Growth ETF by 23.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 769,747 shares of the company’s stock worth $61,164,000 after purchasing an additional 146,818 shares in the last quarter. Clark Capital Management Group Inc. raised its holdings in SPDR S&P 400 Mid Cap Growth ETF by 75.4% during the 1st quarter. Clark Capital Management Group Inc. now owns 297,524 shares of the company’s stock worth $23,641,000 after buying an additional 127,861 shares during the period. AE Wealth Management LLC lifted its stake in SPDR S&P 400 Mid Cap Growth ETF by 13.2% in the first quarter. AE Wealth Management LLC now owns 731,438 shares of the company’s stock valued at $58,120,000 after buying an additional 85,471 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in SPDR S&P 400 Mid Cap Growth ETF by 4.0% in the first quarter. LPL Financial LLC now owns 1,825,628 shares of the company’s stock valued at $145,064,000 after buying an additional 69,733 shares in the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Stock Up 0.2%

Shares of MDYG stock opened at $92.01 on Monday. SPDR S&P 400 Mid Cap Growth ETF has a 12-month low of $68.59 and a 12-month high of $95.51. The firm has a fifty day moving average of $90.57 and a 200-day moving average of $85.57. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 22.35 and a beta of 1.09.

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.