New England Capital Financial Advisors LLC Purchases 4,721 Shares of SPDR S&P 400 Mid Cap Growth ETF $MDYG

New England Capital Financial Advisors LLC increased its holdings in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 35.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,079 shares of the company’s stock after acquiring an additional 4,721 shares during the quarter. SPDR S&P 400 Mid Cap Growth ETF makes up about 0.5% of New England Capital Financial Advisors LLC’s investment portfolio, making the stock its 19th largest position. New England Capital Financial Advisors LLC owned approximately 0.07% of SPDR S&P 400 Mid Cap Growth ETF worth $1,735,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the 4th quarter valued at about $30,000. Arax Advisory Partners purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the 4th quarter worth approximately $51,000. Financial Life Planners bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the third quarter valued at approximately $59,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the first quarter valued at approximately $73,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 21.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,100 shares of the company’s stock valued at $102,000 after purchasing an additional 194 shares in the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

Shares of MDYG stock opened at $109.87 on Friday. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 22.35 and a beta of 1.05. SPDR S&P 400 Mid Cap Growth ETF has a 52-week low of $86.23 and a 52-week high of $112.17. The company’s 50 day moving average is $107.82 and its 200 day moving average is $101.36.

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.