Stonebridge Financial Group LLC Invests $516,000 in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Stonebridge Financial Group LLC purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,935 shares of the company’s stock, valued at approximately $516,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the third quarter valued at $27,000. Sound Income Strategies LLC purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the third quarter valued at $28,000. Capital Investment Advisory Services LLC increased its holdings in SPDR S&P 400 Mid CapGrowth ETF by 110.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 418 shares of the company’s stock worth $36,000 after buying an additional 219 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in SPDR S&P 400 Mid CapGrowth ETF by 189.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 535 shares of the company’s stock worth $46,000 after buying an additional 350 shares during the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Stock Performance

MDYG opened at $88.85 on Wednesday. The company’s 50-day simple moving average is $89.84 and its two-hundred day simple moving average is $88.36. The stock has a market capitalization of $3.15 billion, a P/E ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a 52-week low of $77.26 and a 52-week high of $95.51.

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.