Sacks & Associates LLC Makes New Investment in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Sacks & Associates LLC purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 30,388 shares of the company’s stock, valued at approximately $3,176,000. SPDR S&P 400 Mid Cap Growth ETF makes up about 2.3% of Sacks & Associates LLC’s investment portfolio, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 40.6% during the first quarter. Private Advisor Group LLC now owns 425,586 shares of the company’s stock worth $40,839,000 after buying an additional 122,989 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at about $10,784,000. Marathon Mission Inc. purchased a new position in SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at about $8,859,000. Royal Bank of Canada lifted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 100.6% during the 1st quarter. Royal Bank of Canada now owns 141,086 shares of the company’s stock valued at $13,539,000 after acquiring an additional 70,755 shares during the period. Finally, NorthRock Partners LLC lifted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 6.5% during the 2nd quarter. NorthRock Partners LLC now owns 1,153,617 shares of the company’s stock valued at $129,309,000 after acquiring an additional 70,276 shares during the period.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

Shares of NYSEARCA:MDYG opened at $106.89 on Friday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 22.35 and a beta of 1.06. The business’s 50 day simple moving average is $108.05 and its 200-day simple moving average is $106.56. SPDR S&P 400 Mid Cap Growth ETF has a 12 month low of $87.09 and a 12 month high of $113.93.

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.