MAI Capital Management Lowers Stake in SPDR S&P 400 Mid Cap Growth ETF $MDYG

MAI Capital Management reduced its position in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,899 shares of the company’s stock after selling 1,527 shares during the quarter. MAI Capital Management owned approximately 0.06% of SPDR S&P 400 Mid Cap Growth ETF worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Choreo LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 5.8% during the 1st quarter. Choreo LLC now owns 4,137 shares of the company’s stock valued at $329,000 after buying an additional 225 shares in the last quarter. Mather Group LLC. bought a new stake in SPDR S&P 400 Mid Cap Growth ETF during the first quarter valued at about $31,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 5.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,216 shares of the company’s stock valued at $1,527,000 after acquiring an additional 972 shares in the last quarter. Northern Trust Corp bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the fourth quarter worth about $201,000. Finally, D. E. Shaw & Co. Inc. grew its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 28.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,894 shares of the company’s stock worth $512,000 after purchasing an additional 1,313 shares in the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Trading Down 0.2%

Shares of MDYG opened at $90.34 on Thursday. The business’s 50 day moving average is $88.94 and its 200 day moving average is $84.22. SPDR S&P 400 Mid Cap Growth ETF has a 12-month low of $68.59 and a 12-month high of $95.51. The company has a market capitalization of $2.38 billion, a PE ratio of 22.35 and a beta of 1.09.

About SPDR S&P 400 Mid Cap Growth ETF

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.