Friday Financial Buys New Stake in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Friday Financial purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,394 shares of the company’s stock, valued at approximately $1,099,000.

Other hedge funds also recently added to or reduced their stakes in the company. Balefire LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter worth approximately $523,000. Bill Few Associates Inc. purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter valued at $3,812,000. Inspirion Wealth Advisors LLC acquired a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter worth $749,000. Lee Kelleher & Klein Wealth Management acquired a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter worth $219,000. Finally, Diversified Management Inc. purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at $283,000.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

NYSEARCA MDYG opened at $106.89 on Friday. 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 company has a market capitalization of $2.86 billion, a PE ratio of 22.35 and a beta of 1.06. The company has a fifty day moving average of $108.05 and a two-hundred day moving average of $106.56.

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.