Confluence Investment Management LLC Purchases 60,545 Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Confluence Investment Management LLC raised its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 12.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 548,721 shares of the company’s stock after acquiring an additional 60,545 shares during the quarter. Confluence Investment Management LLC owned approximately 1.55% of SPDR S&P 400 Mid CapGrowth ETF worth $47,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDYG. Cerity Partners LLC grew its position in SPDR S&P 400 Mid CapGrowth ETF by 33.5% in the third quarter. Cerity Partners LLC now owns 11,296 shares of the company’s stock valued at $991,000 after purchasing an additional 2,834 shares in the last quarter. Perennial Investment Advisors LLC grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 0.6% in the 2nd quarter. Perennial Investment Advisors LLC now owns 82,784 shares of the company’s stock valued at $6,959,000 after acquiring an additional 486 shares in the last quarter. Prudential PLC increased its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 165.5% in the second quarter. Prudential PLC now owns 11,678 shares of the company’s stock valued at $982,000 after acquiring an additional 7,280 shares during the last quarter. AE Wealth Management LLC increased its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 12.2% in the second quarter. AE Wealth Management LLC now owns 744,990 shares of the company’s stock valued at $62,624,000 after acquiring an additional 81,121 shares during the last quarter. Finally, Balanced Wealth Group LLC raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 6.1% during the second quarter. Balanced Wealth Group LLC now owns 227,099 shares of the company’s stock worth $19,090,000 after acquiring an additional 12,984 shares in the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

MDYG stock traded up $0.48 during mid-day trading on Thursday, reaching $87.37. The company had a trading volume of 37,882 shares, compared to its average volume of 204,610. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a 52 week low of $73.09 and a 52 week high of $95.51. The stock has a 50 day simple moving average of $90.53 and a two-hundred day simple moving average of $87.44.

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.