Richardson Financial Services Inc. Invests $42,000 in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Richardson Financial Services Inc. bought a new position in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) during the first quarter, Holdings Channel.com reports. The firm bought 484 shares of the company’s stock, valued at approximately $42,000.

Other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the 4th quarter worth approximately $32,000. Gradient Investments LLC boosted its holdings in SPDR S&P 400 Mid CapGrowth ETF by 314.0% in the fourth quarter. Gradient Investments LLC now owns 472 shares of the company’s stock worth $36,000 after acquiring an additional 358 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the fourth quarter valued at $38,000. Assetmark Inc. raised its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 4,592.6% in the 4th quarter. Assetmark Inc. now owns 1,267 shares of the company’s stock worth $96,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in SPDR S&P 400 Mid CapGrowth ETF by 32.7% in the 4th quarter. Private Trust Co. NA now owns 1,782 shares of the company’s stock worth $135,000 after purchasing an additional 439 shares in the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

MDYG stock traded up $1.67 during trading on Thursday, hitting $85.69. 30,802 shares of the stock traded hands, compared to its average volume of 276,422. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a 1 year low of $64.67 and a 1 year high of $87.69. The firm’s 50 day moving average is $84.69 and its two-hundred day moving average is $81.97.

SPDR S&P 400 Mid CapGrowth 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.