Michael S. Ryan Inc. Increases Position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Michael S. Ryan Inc. lifted its position in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 3.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,648 shares of the company’s stock after purchasing an additional 1,097 shares during the period. SPDR S&P 400 Mid CapGrowth ETF makes up approximately 2.2% of Michael S. Ryan Inc.’s investment portfolio, making the stock its 14th biggest position. Michael S. Ryan Inc.’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $3,271,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MDYG. Citigroup Inc. raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 1.4% during the third quarter. Citigroup Inc. now owns 2,437,057 shares of the company’s stock valued at $213,827,000 after acquiring an additional 34,717 shares during the period. LPL Financial LLC raised its stake in SPDR S&P 400 Mid CapGrowth ETF by 2.9% during the 3rd quarter. LPL Financial LLC now owns 1,734,389 shares of the company’s stock valued at $152,175,000 after purchasing an additional 49,227 shares during the period. Stifel Financial Corp lifted its holdings in SPDR S&P 400 Mid CapGrowth ETF by 146.2% in the 3rd quarter. Stifel Financial Corp now owns 1,197,620 shares of the company’s stock worth $105,079,000 after purchasing an additional 711,253 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in SPDR S&P 400 Mid CapGrowth ETF by 6,605.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 992,944 shares of the company’s stock worth $87,122,000 after purchasing an additional 978,136 shares during the period. Finally, Parcion Private Wealth LLC grew its holdings in SPDR S&P 400 Mid CapGrowth ETF by 30.8% during the 3rd quarter. Parcion Private Wealth LLC now owns 825,383 shares of the company’s stock valued at $72,419,000 after buying an additional 194,413 shares in the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

Shares of MDYG stock traded up $0.34 during mid-day trading on Wednesday, hitting $87.81. The company had a trading volume of 108,210 shares, compared to its average volume of 129,502. The stock’s 50 day moving average price is $90.53 and its 200-day moving average price is $87.56. SPDR S&P 400 Mid CapGrowth ETF has a 52-week low of $73.49 and a 52-week high of $95.51. The company has a market capitalization of $3.11 billion, a P/E ratio of 18.50 and a beta of 1.09.

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.