SPDR S&P 400 Mid Cap Growth ETF $MDYG Position Raised by Convergence Financial LLC

Convergence Financial LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 262,087 shares of the company’s stock after buying an additional 16,422 shares during the period. SPDR S&P 400 Mid Cap Growth ETF makes up about 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 $23,997,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MDYG. Corient Private Wealth LLC grew its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 104.5% during the second quarter. Corient Private Wealth LLC now owns 296,652 shares of the company’s stock worth $25,771,000 after purchasing an additional 151,605 shares in the last quarter. AE Wealth Management LLC raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 16.2% in the third quarter. AE Wealth Management LLC now owns 859,656 shares of the company’s stock valued at $78,710,000 after purchasing an additional 119,911 shares in the last quarter. Benjamin Edwards Inc. lifted its position in SPDR S&P 400 Mid Cap Growth ETF by 23.3% during the third quarter. Benjamin Edwards Inc. now owns 605,203 shares of the company’s stock valued at $55,413,000 after purchasing an additional 114,306 shares during the last quarter. Cordatus Wealth Management LLC purchased a new position in SPDR S&P 400 Mid Cap Growth ETF in the 2nd quarter worth approximately $5,405,000. Finally, Prospera Financial Services Inc increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 926.5% in the 2nd quarter. Prospera Financial Services Inc now owns 63,047 shares of the company’s stock worth $5,477,000 after buying an additional 56,905 shares during the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

SPDR S&P 400 Mid Cap Growth ETF stock opened at $101.69 on Friday. SPDR S&P 400 Mid Cap Growth ETF has a fifty-two week low of $68.59 and a fifty-two week high of $102.36. The stock has a market cap of $2.63 billion, a P/E ratio of 22.35 and a beta of 1.08. The firm’s fifty day moving average price is $96.85 and its 200-day moving average price is $93.13.

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. 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.