HighTower Advisors LLC Reduces Position in SPDR S&P 400 Mid Cap Growth ETF $MDYG

HighTower Advisors LLC trimmed its position in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 11.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 277,587 shares of the company’s stock after selling 34,592 shares during the period. HighTower Advisors LLC owned 1.07% of SPDR S&P 400 Mid Cap Growth ETF worth $25,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDYG. UNIVEST FINANCIAL Corp lifted its position in SPDR S&P 400 Mid Cap Growth ETF by 1,102.7% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 320,940 shares of the company’s stock worth $29,665,000 after acquiring an additional 294,255 shares during the period. AE Wealth Management LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 26.1% in the fourth quarter. AE Wealth Management LLC now owns 1,084,310 shares of the company’s stock valued at $100,223,000 after purchasing an additional 224,654 shares during the period. Corient Private Wealth LLC raised its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 104.5% in 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 during the last quarter. Merit Financial Group LLC raised its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 738.4% in the fourth quarter. Merit Financial Group LLC now owns 89,545 shares of the company’s stock worth $8,277,000 after purchasing an additional 78,864 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 15.1% during the second quarter. Raymond James Financial Inc. now owns 397,080 shares of the company’s stock worth $34,494,000 after purchasing an additional 52,106 shares during the period.

SPDR S&P 400 Mid Cap Growth ETF Stock Up 0.9%

Shares of NYSEARCA MDYG opened at $106.74 on Friday. The business’s 50 day moving average price is $101.35 and its 200 day moving average price is $97.61. The firm has a market cap of $2.77 billion, a P/E ratio of 22.35 and a beta of 1.06. SPDR S&P 400 Mid Cap Growth ETF has a 52 week low of $82.34 and a 52 week high of $109.31.

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.