Topsail Wealth Management LLC Buys Shares of 2,125 SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG)

Topsail Wealth Management LLC purchased a new position in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,125 shares of the company’s stock, valued at approximately $185,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jane Street Group LLC boosted its position in SPDR S&P 400 Mid Cap Growth ETF by 149.6% during the 3rd quarter. Jane Street Group LLC now owns 12,063 shares of the company’s stock valued at $1,058,000 after acquiring an additional 7,231 shares in the last quarter. World Investment Advisors LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 1.3% during the 3rd quarter. World Investment Advisors LLC now owns 18,482 shares of the company’s stock worth $1,622,000 after purchasing an additional 231 shares during the last quarter. Synovus Financial Corp bought a new stake in SPDR S&P 400 Mid Cap Growth ETF during the third quarter valued at about $388,000. JPMorgan Chase & Co. grew its stake in SPDR S&P 400 Mid Cap Growth ETF by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 20,612 shares of the company’s stock valued at $1,809,000 after purchasing an additional 446 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in SPDR S&P 400 Mid Cap Growth ETF by 12.4% in the fourth quarter. Confluence Investment Management LLC now owns 548,721 shares of the company’s stock worth $47,678,000 after purchasing an additional 60,545 shares in the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

NYSEARCA:MDYG opened at $78.37 on Friday. The company’s 50-day simple moving average is $79.52 and its 200-day simple moving average is $86.35. SPDR S&P 400 Mid Cap Growth ETF has a fifty-two week low of $68.59 and a fifty-two week high of $95.51. The stock has a market capitalization of $2.39 billion, a P/E ratio of 19.37 and a beta of 1.09.

SPDR S&P 400 Mid Cap Growth 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.