SPDR S&P 400 Mid Cap Growth ETF $MDYG Shares Acquired by Convergence Financial LLC

Convergence Financial LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 2.7% in the 4th quarter, HoldingsChannel reports. The firm owned 269,100 shares of the company’s stock after acquiring an additional 7,013 shares during the period. SPDR S&P 400 Mid Cap Growth ETF makes up approximately 3.6% of Convergence Financial LLC’s holdings, making the stock its 7th largest holding. Convergence Financial LLC’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $24,873,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in SPDR S&P 400 Mid Cap Growth ETF by 2.3% during the third quarter. Envestnet Asset Management Inc. now owns 465,881 shares of the company’s stock worth $42,656,000 after purchasing an additional 10,289 shares during the period. AE Wealth Management LLC grew its stake in SPDR S&P 400 Mid Cap Growth ETF by 26.1% during the fourth quarter. AE Wealth Management LLC now owns 1,084,310 shares of the company’s stock worth $100,223,000 after purchasing an additional 224,654 shares during the period. Balanced Wealth Group LLC grew its stake in SPDR S&P 400 Mid Cap Growth ETF by 3.9% during the fourth quarter. Balanced Wealth Group LLC now owns 140,134 shares of the company’s stock worth $12,850,000 after purchasing an additional 5,324 shares during the period. Redhawk Wealth Advisors Inc. grew its stake in SPDR S&P 400 Mid Cap Growth ETF by 17.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 42,082 shares of the company’s stock worth $3,890,000 after purchasing an additional 6,339 shares during the period. Finally, First National Trust Co grew its stake in SPDR S&P 400 Mid Cap Growth ETF by 6.5% during the third quarter. First National Trust Co now owns 369,768 shares of the company’s stock worth $33,856,000 after purchasing an additional 22,625 shares during the period.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

NYSEARCA MDYG opened at $110.25 on Friday. The business has a 50 day simple moving average of $103.64 and a 200 day simple moving average of $98.78. SPDR S&P 400 Mid Cap Growth ETF has a one year low of $83.38 and a one year high of $110.49. The stock has a market capitalization of $2.86 billion, a P/E ratio of 22.35 and a beta of 1.06.

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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $850 million and $3.8 billion.