PFG Advisors Invests $249,000 in SPDR S&P 400 Mid CapGrowth ETF (MDYG)

PFG Advisors purchased a new position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,912 shares of the company’s stock, valued at approximately $249,000.

Several other hedge funds have also bought and sold shares of MDYG. Raymond James Financial Services Advisors Inc. grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 110.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 26,488 shares of the company’s stock worth $1,431,000 after acquiring an additional 13,872 shares during the period. Signature Estate & Investment Advisors LLC grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 200.6% in the second quarter. Signature Estate & Investment Advisors LLC now owns 64,766 shares of the company’s stock worth $3,498,000 after acquiring an additional 43,218 shares during the period. Royal Bank of Canada grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 81.7% in the first quarter. Royal Bank of Canada now owns 2,508 shares of the company’s stock worth $394,000 after acquiring an additional 1,128 shares during the period. Cornerstone Wealth Management LLC grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 16,253.7% in the second quarter. Cornerstone Wealth Management LLC now owns 700,101 shares of the company’s stock worth $12,948,000 after acquiring an additional 695,820 shares during the period. Finally, Arcadia Investment Management Corp MI grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 200.0% in the second quarter. Arcadia Investment Management Corp MI now owns 2,703 shares of the company’s stock worth $146,000 after acquiring an additional 1,802 shares during the period.

Shares of MDYG opened at $49.36 on Friday. SPDR S&P 400 Mid CapGrowth ETF has a one year low of $48.63 and a one year high of $57.22.



The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Tuesday, September 25th were issued a $0.1875 dividend. The ex-dividend date was Monday, September 24th. This represents a $0.75 annualized dividend and a dividend yield of 1.52%. This is a positive change from SPDR S&P 400 Mid CapGrowth ETF’s previous quarterly dividend of $0.15.

About SPDR S&P 400 Mid CapGrowth 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.

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Institutional Ownership by Quarter for SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

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