KWB Wealth Cuts Stake in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

KWB Wealth cut its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,127 shares of the company’s stock after selling 6,822 shares during the quarter. SPDR S&P 400 Mid CapGrowth ETF accounts for approximately 2.0% of KWB Wealth’s holdings, making the stock its 11th biggest holding. KWB Wealth owned approximately 0.48% of SPDR S&P 400 Mid CapGrowth ETF worth $14,850,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Anchor Investment Management LLC bought a new stake in SPDR S&P 400 Mid CapGrowth ETF in the fourth quarter worth $32,000. Gradient Investments LLC boosted its holdings in SPDR S&P 400 Mid CapGrowth ETF by 314.0% during the 4th quarter. Gradient Investments LLC now owns 472 shares of the company’s stock valued at $36,000 after acquiring an additional 358 shares during the period. Fifth Third Bancorp purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 4th quarter valued at about $38,000. Assetmark Inc. grew its position in SPDR S&P 400 Mid CapGrowth ETF by 4,592.6% during the 4th quarter. Assetmark Inc. now owns 1,267 shares of the company’s stock worth $96,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in SPDR S&P 400 Mid CapGrowth ETF by 32.7% in the 4th quarter. Private Trust Co. NA now owns 1,782 shares of the company’s stock worth $135,000 after purchasing an additional 439 shares during the period.

SPDR S&P 400 Mid CapGrowth ETF Trading Up 0.6 %

MDYG stock traded up $0.49 during midday trading on Thursday, hitting $83.92. The company had a trading volume of 83,987 shares, compared to its average volume of 283,831. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a 52 week low of $64.67 and a 52 week high of $87.69. The stock’s 50 day moving average price is $84.60 and its 200 day moving average price is $81.68.

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.