Nwam LLC Makes New $617,000 Investment in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Nwam LLC purchased a new position in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 7,033 shares of the company’s stock, valued at approximately $617,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MDYG. CreativeOne Wealth LLC acquired a new position in SPDR S&P 400 Mid CapGrowth ETF in the 1st quarter valued at about $254,000. Gradient Investments LLC grew its position in SPDR S&P 400 Mid CapGrowth ETF by 1,474.3% in the second quarter. Gradient Investments LLC now owns 6,801 shares of the company’s stock worth $572,000 after acquiring an additional 6,369 shares during the period. Perennial Investment Advisors LLC increased its stake in SPDR S&P 400 Mid CapGrowth ETF by 0.6% during the second quarter. Perennial Investment Advisors LLC now owns 82,784 shares of the company’s stock worth $6,959,000 after acquiring an additional 486 shares during the last quarter. Harbour Investments Inc. raised its position in SPDR S&P 400 Mid CapGrowth ETF by 3.5% in the second quarter. Harbour Investments Inc. now owns 3,551 shares of the company’s stock valued at $299,000 after purchasing an additional 119 shares during the period. Finally, Confluence Wealth Services Inc. lifted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 130.3% in the 2nd quarter. Confluence Wealth Services Inc. now owns 24,121 shares of the company’s stock valued at $2,028,000 after purchasing an additional 13,645 shares during the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Trading Up 1.7 %

Shares of NYSEARCA:MDYG opened at $93.48 on Friday. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a 12-month low of $69.97 and a 12-month high of $93.52. The business has a 50-day moving average price of $88.74 and a 200 day moving average price of $86.28.

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.