Prestige Wealth Management Group LLC Sells 1,032 Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Prestige Wealth Management Group LLC lessened its position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,042 shares of the company’s stock after selling 1,032 shares during the quarter. SPDR S&P 400 Mid CapGrowth ETF comprises about 2.1% of Prestige Wealth Management Group LLC’s investment portfolio, making the stock its 17th biggest position. Prestige Wealth Management Group LLC owned about 0.22% of SPDR S&P 400 Mid CapGrowth ETF worth $6,868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDYG. Legacy Investment Solutions LLC bought a new stake in SPDR S&P 400 Mid CapGrowth ETF in the 3rd quarter valued at $25,000. Centricity Wealth Management LLC bought a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the 4th quarter worth about $26,000. Cape Investment Advisory Inc. raised its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 198.1% during the fourth quarter. Cape Investment Advisory Inc. now owns 310 shares of the company’s stock valued at $27,000 after buying an additional 206 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 110.1% in the fourth quarter. Capital Investment Advisory Services LLC now owns 418 shares of the company’s stock valued at $36,000 after buying an additional 219 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in SPDR S&P 400 Mid CapGrowth ETF by 189.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 535 shares of the company’s stock worth $46,000 after buying an additional 350 shares in the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Stock Up 2.8 %

Shares of MDYG opened at $82.85 on Tuesday. The stock’s 50-day moving average price is $86.48 and its 200 day moving average price is $88.12. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 21.05 and a beta of 1.12. SPDR S&P 400 Mid CapGrowth ETF has a 12-month low of $77.49 and a 12-month high of $95.51.

SPDR S&P 400 Mid CapGrowth ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th will be given a dividend of $0.1481 per share. The ex-dividend date of this dividend is Monday, March 24th.

SPDR S&P 400 Mid CapGrowth ETF Company 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.