Mach 1 Financial Group LLC Purchases New Holdings in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Mach 1 Financial Group LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 20,576 shares of the company’s stock, valued at approximately $1,902,000.

Several other hedge funds also recently added to or reduced their stakes in MDYG. Royal Bank of Canada grew its holdings in SPDR S&P 400 Mid Cap Growth ETF by 1.3% during the 1st quarter. Royal Bank of Canada now owns 81,888 shares of the company’s stock valued at $6,507,000 after purchasing an additional 1,090 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in SPDR S&P 400 Mid Cap Growth ETF by 35.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,032 shares of the company’s stock valued at $320,000 after purchasing an additional 1,054 shares during the last quarter. NewEdge Advisors LLC grew its holdings in SPDR S&P 400 Mid Cap Growth ETF by 7.0% during the 1st quarter. NewEdge Advisors LLC now owns 5,127 shares of the company’s stock valued at $407,000 after purchasing an additional 336 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in SPDR S&P 400 Mid Cap Growth ETF by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,302 shares of the company’s stock valued at $3,679,000 after purchasing an additional 2,922 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in SPDR S&P 400 Mid Cap Growth ETF during the 1st quarter valued at about $371,000.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

Shares of MDYG stock opened at $105.57 on Thursday. The company has a market capitalization of $2.74 billion, a P/E ratio of 22.35 and a beta of 1.06. The company’s 50-day simple moving average is $101.02 and its two-hundred day simple moving average is $97.45. SPDR S&P 400 Mid Cap Growth ETF has a one year low of $82.34 and a one year high of $109.31.

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.