Kinetic Wealth Investment Advisors LLC Makes New $958,000 Investment in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Kinetic Wealth Investment Advisors LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,544 shares of the company’s stock, valued at approximately $958,000. SPDR S&P 400 Mid Cap Growth ETF accounts for about 0.4% of Kinetic Wealth Investment Advisors LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in MDYG. KERR FINANCIAL PLANNING Corp raised its holdings in SPDR S&P 400 Mid Cap Growth ETF by 50.0% during the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock valued at $34,000 after buying an additional 114 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in SPDR S&P 400 Mid Cap Growth ETF by 28.2% during the 2nd quarter. JFS Wealth Advisors LLC now owns 518 shares of the company’s stock valued at $58,000 after buying an additional 114 shares during the period. Arax Advisory Partners purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter valued at $51,000. Financial Life Planners bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the first quarter valued at about $62,000. Finally, Community Financial Services Group LLC bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the second quarter valued at about $84,000.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

SPDR S&P 400 Mid Cap Growth ETF stock opened at $108.32 on Tuesday. The firm has a market cap of $2.85 billion, a P/E ratio of 22.35 and a beta of 1.05. SPDR S&P 400 Mid Cap Growth ETF has a 1-year low of $87.09 and a 1-year high of $113.93. The firm has a 50-day moving average of $109.30 and a 200-day moving average of $105.48.

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.