Convergence Financial LLC Has $24.87 Million Holdings in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Convergence Financial LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,100 shares of the company’s stock after acquiring an additional 7,013 shares during the quarter. SPDR S&P 400 Mid Cap Growth ETF makes up 3.6% of Convergence Financial LLC’s holdings, making the stock its 7th biggest holding. Convergence Financial LLC owned about 1.04% of SPDR S&P 400 Mid Cap Growth ETF worth $24,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Caitlin John LLC bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth about $28,000. Hantz Financial Services Inc. raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 760.5% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the company’s stock worth $30,000 after acquiring an additional 289 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the fourth quarter worth about $30,000. Financial Life Planners bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth about $59,000. Finally, Smartleaf Asset Management LLC raised its position in shares of 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 acquiring an additional 1,234 shares during the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

Shares of MDYG opened at $110.25 on Friday. SPDR S&P 400 Mid Cap Growth ETF has a 1 year low of $83.38 and a 1 year high of $110.49. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 22.35 and a beta of 1.06. The business has a 50-day moving average of $103.64 and a 200-day moving average of $98.78.

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.