SPDR S&P 400 Mid Cap Growth ETF $MDYG Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 2.3% in the third quarter, Holdings Channel.com reports. The fund owned 465,881 shares of the company’s stock after buying an additional 10,289 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $42,656,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MDYG. JDM Financial Group LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter worth $25,000. Atwood & Palmer Inc. purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth about $49,000. Briaud Financial Planning Inc acquired a new position in SPDR S&P 400 Mid Cap Growth ETF during the second quarter worth about $75,000. Smartleaf Asset Management LLC grew its position in SPDR S&P 400 Mid Cap Growth ETF by 279.8% during the second quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the company’s stock worth $145,000 after buying an additional 1,234 shares during the period. Finally, LifeWealth Investments LLC purchased a new position in SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at about $202,000.

SPDR S&P 400 Mid Cap Growth ETF Trading Down 0.3%

MDYG stock opened at $100.26 on Wednesday. The firm has a 50 day moving average of $95.78 and a 200-day moving average of $92.57. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 22.35 and a beta of 1.08. SPDR S&P 400 Mid Cap Growth ETF has a 12-month low of $68.59 and a 12-month high of $100.92.

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.