SPDR S&P 400 Mid Cap Growth ETF $MDYG Shares Newly Purchased by Fairscale Capital LLC

Fairscale Capital LLC acquired a new position in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) in the third quarter, Holdings Channel.com reports. The firm acquired 9,255 shares of the company’s stock, valued at approximately $952,000.

Several other institutional investors have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter valued at about $25,000. Parallel Advisors LLC bought a new stake in SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter worth approximately $36,000. JFS Wealth Advisors LLC lifted its position in SPDR S&P 400 Mid Cap Growth ETF by 28.2% in the 2nd quarter. JFS Wealth Advisors LLC now owns 518 shares of the company’s stock worth $58,000 after buying an additional 114 shares during the last quarter. Horizons Wealth Management bought a new stake in SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter worth approximately $68,000. Finally, Community Financial Services Group LLC purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the third quarter worth approximately $69,000.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

Shares of MDYG opened at $104.65 on Tuesday. 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 stock has a 50 day simple moving average of $105.07 and a two-hundred day simple moving average of $104.65. The firm has a market cap of $2.84 billion, a P/E ratio of 25.03 and a beta of 1.06.

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.