Balanced Wealth Group LLC Increases Position in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Balanced Wealth Group LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,134 shares of the company’s stock after purchasing an additional 5,324 shares during the quarter. SPDR S&P 400 Mid Cap Growth ETF makes up about 4.7% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 7th biggest holding. Balanced Wealth Group LLC owned 0.53% of SPDR S&P 400 Mid Cap Growth ETF worth $12,850,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. JDM Financial Group LLC bought a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter worth about $25,000. Caitlin John LLC bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter valued at about $28,000. Hantz Financial Services Inc. grew its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 760.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the company’s stock valued at $30,000 after acquiring an additional 289 shares in the last quarter. Atwood & Palmer Inc. acquired a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at about $49,000. Finally, Financial Life Planners acquired a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at about $59,000.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

MDYG opened at $95.66 on Friday. The business’s 50-day simple moving average is $98.58 and its 200 day simple moving average is $94.57. SPDR S&P 400 Mid Cap Growth ETF has a 52-week low of $68.59 and a 52-week high of $103.24. The firm has a market capitalization of $2.48 billion, a PE ratio of 22.35 and a beta of 1.08.

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.