Navigation Group LLC Buys New Position in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Navigation Group LLC bought a new stake in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) during the first quarter, HoldingsChannel.com reports. The fund bought 10,159 shares of the company’s stock, valued at approximately $975,000.

Several other hedge funds also recently modified their holdings of MDYG. UNIVEST FINANCIAL Corp grew its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 1,102.7% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 320,940 shares of the company’s stock worth $29,665,000 after buying an additional 294,255 shares in the last quarter. AE Wealth Management LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 26.1% during the fourth quarter. AE Wealth Management LLC now owns 1,084,310 shares of the company’s stock valued at $100,223,000 after buying an additional 224,654 shares during the period. WCG Wealth Advisors LLC boosted its position in SPDR S&P 400 Mid Cap Growth ETF by 257.6% during the fourth quarter. WCG Wealth Advisors LLC now owns 276,185 shares of the company’s stock worth $25,528,000 after acquiring an additional 198,955 shares during the last quarter. Corient Private Wealth LLC boosted its position in SPDR S&P 400 Mid Cap Growth ETF by 104.5% during the second quarter. Corient Private Wealth LLC now owns 296,652 shares of the company’s stock worth $25,771,000 after acquiring an additional 151,605 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position 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 acquiring an additional 122,989 shares during the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

MDYG stock opened at $108.35 on Thursday. The company has a 50 day moving average price of $108.51 and a two-hundred day moving average price of $102.26. The stock has a market capitalization of $2.83 billion, a P/E ratio of 22.35 and a beta of 1.05. SPDR S&P 400 Mid Cap Growth ETF has a one year low of $86.23 and a one year high of $112.17.

SPDR S&P 400 Mid Cap Growth ETF Company 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.