SPDR S&P 400 Mid Cap Growth ETF $MDYG Shares Purchased by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. boosted its holdings in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 11.6% during the first quarter, HoldingsChannel.com reports. The fund owned 321,914 shares of the company’s stock after acquiring an additional 33,447 shares during the period. SPDR S&P 400 Mid Cap Growth ETF accounts for about 0.8% of Avantax Planning Partners Inc.’s portfolio, making the stock its 25th biggest position. Avantax Planning Partners Inc.’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $30,891,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MDYG. Chicago Partners Investment Group LLC raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 5.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 74,312 shares of the company’s stock worth $7,740,000 after purchasing an additional 3,788 shares during the period. Global Assets Advisory LLC bought a new position in SPDR S&P 400 Mid Cap Growth ETF during the 1st quarter worth $947,000. Diversify Wealth Management LLC bought a new position in SPDR S&P 400 Mid Cap Growth ETF during the 1st quarter worth $233,000. Carnegie Investment Counsel grew its stake in SPDR S&P 400 Mid Cap Growth ETF by 1.8% during the 1st quarter. Carnegie Investment Counsel now owns 5,729 shares of the company’s stock worth $550,000 after buying an additional 101 shares during the last quarter. Finally, Capital Squared Financial LLC increased its position in SPDR S&P 400 Mid Cap Growth ETF by 2.2% in the first quarter. Capital Squared Financial LLC now owns 19,913 shares of the company’s stock worth $1,911,000 after buying an additional 423 shares during the period.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

MDYG stock opened at $107.74 on Tuesday. The stock has a market capitalization of $2.81 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 1 year low of $86.23 and a 1 year high of $112.17. The stock’s fifty day moving average is $108.45 and its two-hundred day moving average is $102.07.

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.