Cetera Advisors LLC Acquires 38,346 Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Cetera Advisors LLC raised its stake in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 522.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 45,690 shares of the company’s stock after acquiring an additional 38,346 shares during the quarter. Cetera Advisors LLC’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $3,988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDYG. Richardson Financial Services Inc. bought a new position in shares of SPDR S&P 400 Mid CapGrowth ETF in the first quarter worth about $42,000. Fifth Third Bancorp bought a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the fourth quarter valued at approximately $38,000. Assetmark Inc. grew its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 4,592.6% in the fourth quarter. Assetmark Inc. now owns 1,267 shares of the company’s stock worth $96,000 after acquiring an additional 1,240 shares during the last quarter. Private Trust Co. NA increased its position in SPDR S&P 400 Mid CapGrowth ETF by 32.7% during the fourth quarter. Private Trust Co. NA now owns 1,782 shares of the company’s stock worth $135,000 after acquiring an additional 439 shares during the period. Finally, Spire Wealth Management increased its position in SPDR S&P 400 Mid CapGrowth ETF by 709.9% during the fourth quarter. Spire Wealth Management now owns 1,887 shares of the company’s stock worth $143,000 after acquiring an additional 1,654 shares during the period.

SPDR S&P 400 Mid CapGrowth ETF Stock Performance

Shares of NYSEARCA:MDYG traded down $2.53 on Friday, hitting $83.14. 105,640 shares of the company were exchanged, compared to its average volume of 270,161. The company’s 50 day moving average price is $84.97 and its two-hundred day moving average price is $83.35. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a one year low of $64.67 and a one year high of $89.30.

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.