Balanced Wealth Group LLC Takes Position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Balanced Wealth Group LLC purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,937 shares of the company’s stock, valued at approximately $2,795,000. SPDR S&P 400 Mid CapGrowth ETF makes up approximately 1.5% of Balanced Wealth Group LLC’s portfolio, making the stock its 18th largest position. Balanced Wealth Group LLC owned 0.14% of SPDR S&P 400 Mid CapGrowth ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. PFG Advisors grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 2.0% during the fourth quarter. PFG Advisors now owns 10,154 shares of the company’s stock valued at $768,000 after purchasing an additional 198 shares during the last quarter. Bill Few Associates Inc. grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 59.2% during the fourth quarter. Bill Few Associates Inc. now owns 5,841 shares of the company’s stock valued at $442,000 after purchasing an additional 2,173 shares during the last quarter. Advisor Resource Council bought a new position in SPDR S&P 400 Mid CapGrowth ETF in the 4th quarter worth approximately $248,000. EP Wealth Advisors LLC grew its holdings in SPDR S&P 400 Mid CapGrowth ETF by 7.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 6,479 shares of the company’s stock worth $448,000 after buying an additional 458 shares in the last quarter. Finally, OneAscent Financial Services LLC bought a new position in SPDR S&P 400 Mid CapGrowth ETF in the 4th quarter worth approximately $324,000.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

MDYG stock traded down $0.48 on Wednesday, reaching $85.15. The company’s stock had a trading volume of 178,345 shares, compared to its average volume of 225,585. SPDR S&P 400 Mid CapGrowth ETF has a 52 week low of $64.67 and a 52 week high of $87.69. The company has a market capitalization of $3.01 billion, a P/E ratio of 17.93 and a beta of 1.07. The firm has a fifty day moving average of $84.35 and a two-hundred day moving average of $77.37.

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.