Valmark Advisers Inc. Acquires New Shares in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Valmark Advisers Inc. bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,040 shares of the company’s stock, valued at approximately $553,000.

Several other large investors have also modified their holdings of MDYG. JDM Financial Group LLC bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the third quarter valued at approximately $25,000. Atwood & Palmer Inc. bought a new position in SPDR S&P 400 Mid Cap Growth ETF in the third quarter worth approximately $49,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 80.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 853 shares of the company’s stock worth $74,000 after buying an additional 381 shares during the period. Briaud Financial Planning Inc bought a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 2nd quarter valued at $75,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 279.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the company’s stock valued at $145,000 after acquiring an additional 1,234 shares during the period.

SPDR S&P 400 Mid Cap Growth ETF Trading Up 1.0%

MDYG opened at $96.66 on Monday. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 22.35 and a beta of 1.08. SPDR S&P 400 Mid Cap Growth ETF has a 12 month low of $68.59 and a 12 month high of $96.79. The stock has a fifty day moving average price of $92.60 and a 200-day moving average price of $91.04.

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.