Mach 1 Financial Group LLC Takes $1.90 Million Position in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Mach 1 Financial Group LLC bought a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,576 shares of the company’s stock, valued at approximately $1,902,000. Mach 1 Financial Group LLC owned approximately 0.08% of SPDR S&P 400 Mid Cap Growth ETF at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Shakespeare Wealth Management LLC raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 1.7% during the 4th quarter. Shakespeare Wealth Management LLC now owns 211,441 shares of the company’s stock valued at $19,544,000 after buying an additional 3,590 shares in the last quarter. IFP Advisors Inc raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 9.2% during the 4th quarter. IFP Advisors Inc now owns 10,883 shares of the company’s stock valued at $1,006,000 after buying an additional 920 shares in the last quarter. Larson Financial Group LLC raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 8.5% during the 4th quarter. Larson Financial Group LLC now owns 11,760 shares of the company’s stock valued at $1,087,000 after buying an additional 922 shares in the last quarter. Tucker Asset Management LLC raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 6.3% during the 4th quarter. Tucker Asset Management LLC now owns 1,999 shares of the company’s stock valued at $185,000 after buying an additional 119 shares in the last quarter. Finally, Avantax Planning Partners Inc. raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 17.5% during the 4th quarter. Avantax Planning Partners Inc. now owns 288,467 shares of the company’s stock valued at $26,663,000 after buying an additional 43,037 shares in the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Trading Up 2.0%

Shares of NYSEARCA MDYG opened at $105.57 on Thursday. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 22.35 and a beta of 1.06. SPDR S&P 400 Mid Cap Growth ETF has a 12-month low of $82.34 and a 12-month high of $109.31. The firm’s 50-day moving average price is $101.02 and its 200-day moving average price is $97.45.

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.