Trail Ridge Investment Advisors LLC cut its holdings in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG – Free Report) by 10.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,885 shares of the company’s stock after selling 434 shares during the period. Trail Ridge Investment Advisors LLC’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $266,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the first quarter valued at approximately $29,000. Coastal Investment Advisors Inc. raised its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 444.7% in the fourth quarter. Coastal Investment Advisors Inc. now owns 561 shares of the company’s stock valued at $37,000 after purchasing an additional 458 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in SPDR S&P 400 Mid CapGrowth ETF during the fourth quarter worth $41,000. Kalos Management Inc. acquired a new position in SPDR S&P 400 Mid CapGrowth ETF during the fourth quarter worth $44,000. Finally, US Bancorp DE increased its holdings in SPDR S&P 400 Mid CapGrowth ETF by 49.1% during the first quarter. US Bancorp DE now owns 677 shares of the company’s stock worth $46,000 after buying an additional 223 shares during the last quarter.
SPDR S&P 400 Mid CapGrowth ETF Stock Performance
MDYG traded up $0.21 during trading on Friday, reaching $71.36. 11,142 shares of the stock were exchanged, compared to its average volume of 84,378. The stock has a market cap of $1.86 billion, a P/E ratio of 12.21 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a twelve month low of $59.36 and a twelve month high of $74.92. The stock’s 50 day moving average price is $72.66 and its two-hundred day moving average price is $69.69.
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.
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