NewEdge Advisors LLC Sells 6,776 Shares of SPDR S&P 400 Mid Cap Growth ETF $MDYG

NewEdge Advisors LLC lowered its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 37.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,188 shares of the company’s stock after selling 6,776 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $1,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDYG. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the fourth quarter worth $30,000. KERR FINANCIAL PLANNING Corp grew its position in SPDR S&P 400 Mid Cap Growth ETF by 50.0% in the first 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 bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter valued at approximately $51,000. Financial Life Planners bought a new position in SPDR S&P 400 Mid Cap Growth ETF during the first quarter valued at $62,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in SPDR S&P 400 Mid Cap Growth ETF during the 1st quarter valued at about $73,000.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

Shares of NYSEARCA MDYG opened at $106.80 on Friday. The business’s 50 day moving average price is $108.81 and its 200-day moving average price is $103.28. SPDR S&P 400 Mid Cap Growth ETF has a fifty-two week low of $86.23 and a fifty-two week high of $112.17. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 22.35 and a beta of 1.05.

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. 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.