SPDR S&P 400 Mid Cap Growth ETF $MDYG Shares Acquired by Balanced Wealth Group LLC

Balanced Wealth Group LLC lifted its position in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 13.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 135,802 shares of the company’s stock after buying an additional 16,123 shares during the quarter. SPDR S&P 400 Mid Cap Growth ETF comprises 5.2% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 6th largest holding. Balanced Wealth Group LLC owned 0.51% of SPDR S&P 400 Mid Cap Growth ETF worth $12,052,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDYG. Smartleaf Asset Management LLC grew its position in SPDR S&P 400 Mid Cap Growth ETF by 114.1% in the first quarter. Smartleaf Asset Management LLC now owns 441 shares of the company’s stock worth $35,000 after acquiring an additional 235 shares in the last quarter. Compass Financial Services Inc acquired a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the 1st quarter valued at $57,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 80.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 853 shares of the company’s stock worth $74,000 after purchasing an additional 381 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in SPDR S&P 400 Mid Cap Growth ETF in the second quarter worth $75,000. Finally, Somerset Trust Co acquired a new position in SPDR S&P 400 Mid Cap Growth ETF during the second quarter worth $201,000.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

NYSEARCA MDYG opened at $92.75 on Friday. SPDR S&P 400 Mid Cap Growth ETF has a fifty-two week low of $68.59 and a fifty-two week high of $94.99. The stock’s 50-day moving average is $91.21 and its two-hundred day moving average is $89.10. The firm has a market cap of $2.43 billion, a P/E ratio of 22.35 and a beta of 1.08.

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.