Balanced Wealth Group LLC Purchases 12,984 Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Balanced Wealth Group LLC raised its position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 6.1% in the second quarter, HoldingsChannel reports. The fund owned 227,099 shares of the company’s stock after purchasing an additional 12,984 shares during the quarter. SPDR S&P 400 Mid CapGrowth ETF makes up approximately 4.7% of Balanced Wealth Group LLC’s holdings, making the stock its 7th largest holding. Balanced Wealth Group LLC’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $19,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR S&P 400 Mid CapGrowth ETF in the 2nd quarter valued at $40,000. Richardson Financial Services Inc. acquired a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the first quarter valued at about $42,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the second quarter valued at about $64,000. Assetmark Inc. increased its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 4,592.6% during the fourth quarter. Assetmark Inc. now owns 1,267 shares of the company’s stock worth $96,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 115.4% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 1,400 shares of the company’s stock worth $118,000 after acquiring an additional 750 shares during the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Stock Performance

Shares of NYSEARCA MDYG opened at $87.54 on Friday. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a fifty-two week low of $64.67 and a fifty-two week high of $89.30. The firm’s 50-day simple moving average is $85.36 and its 200 day simple moving average is $84.88.

SPDR S&P 400 Mid CapGrowth 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.