Asset Management Group Inc. Cuts Holdings in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Asset Management Group Inc. reduced its position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,251 shares of the company’s stock after selling 1,356 shares during the period. Asset Management Group Inc. owned 0.06% of SPDR S&P 400 Mid CapGrowth ETF worth $1,865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in SPDR S&P 400 Mid CapGrowth ETF by 132.0% during the first quarter. US Bancorp DE now owns 5,688 shares of the company’s stock valued at $497,000 after purchasing an additional 3,236 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the 1st quarter valued at about $254,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 12.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,212 shares of the company’s stock valued at $455,000 after acquiring an additional 561 shares during the last quarter. Atria Investments Inc grew its position in SPDR S&P 400 Mid CapGrowth ETF by 16.2% in the first quarter. Atria Investments Inc now owns 31,495 shares of the company’s stock worth $2,749,000 after acquiring an additional 4,402 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in SPDR S&P 400 Mid CapGrowth ETF by 285.0% during the first quarter. Cetera Investment Advisers now owns 193,820 shares of the company’s stock worth $16,919,000 after acquiring an additional 143,482 shares during the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

NYSEARCA:MDYG opened at $91.94 on Friday. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. The business has a 50 day simple moving average of $88.57 and a 200-day simple moving average of $86.22. SPDR S&P 400 Mid CapGrowth ETF has a 1 year low of $69.97 and a 1 year high of $93.37.

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.