Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 23.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 237,040 shares of the company’s stock after buying an additional 44,517 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $20,592,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 114.1% during the first quarter. Smartleaf Asset Management LLC now owns 441 shares of the company’s stock worth $35,000 after purchasing an additional 235 shares in the last quarter. Compass Financial Services Inc purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 1st quarter worth about $57,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 80.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 853 shares of the company’s stock worth $74,000 after acquiring an additional 381 shares in the last quarter. Briaud Financial Planning Inc purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the 2nd quarter valued at about $75,000. Finally, Somerset Trust Co acquired a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the 2nd quarter worth about $201,000.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

NYSEARCA MDYG opened at $92.75 on Monday. The firm’s fifty day moving average price is $91.21 and its 200 day moving average price is $89.15. SPDR S&P 400 Mid Cap Growth ETF has a 12 month low of $68.59 and a 12 month high of $94.99. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 22.35 and a beta of 1.08.

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.