Drive Wealth Management LLC trimmed its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG – Free Report) by 60.1% during the third quarter, Holdings Channel.com reports. The fund owned 4,046 shares of the company’s stock after selling 6,083 shares during the quarter. Drive Wealth Management LLC’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $355,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new position in SPDR S&P 400 Mid CapGrowth ETF in the third quarter valued at about $28,000. Mattson Financial Services LLC acquired a new position in shares of SPDR S&P 400 Mid CapGrowth ETF in the 2nd quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the 2nd quarter worth approximately $40,000. Concord Wealth Partners lifted its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 22.0% during the 3rd quarter. Concord Wealth Partners now owns 643 shares of the company’s stock worth $56,000 after acquiring an additional 116 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the 2nd quarter worth approximately $64,000.
SPDR S&P 400 Mid CapGrowth ETF Price Performance
Shares of MDYG opened at $89.56 on Tuesday. SPDR S&P 400 Mid CapGrowth ETF has a one year low of $69.71 and a one year high of $93.37. The firm has a 50 day simple moving average of $88.14 and a two-hundred day simple moving average of $86.11. The company has a market cap of $3.17 billion, a P/E ratio of 18.50 and a beta of 1.09.
About SPDR S&P 400 Mid CapGrowth ETF
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.
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Want to see what other hedge funds are holding MDYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG – Free Report).
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