Gibbs Wealth Management Raises Holdings in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Gibbs Wealth Management lifted its position in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 160.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,527 shares of the company’s stock after acquiring an additional 4,635 shares during the quarter. Gibbs Wealth Management’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MDYG. Cetera Investment Advisers grew its holdings in SPDR S&P 400 Mid Cap Growth ETF by 24.5% during the 1st quarter. Cetera Investment Advisers now owns 141,139 shares of the company’s stock worth $13,544,000 after acquiring an additional 27,760 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 9.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,818 shares of the company’s stock valued at $174,000 after purchasing an additional 151 shares in the last quarter. Florida Financial Advisors LLC increased its holdings in SPDR S&P 400 Mid Cap Growth ETF by 44.0% during the first quarter. Florida Financial Advisors LLC now owns 9,252 shares of the company’s stock valued at $888,000 after buying an additional 2,827 shares during the period. Balefire LLC increased its holdings in SPDR S&P 400 Mid Cap Growth ETF by 9.3% during the first quarter. Balefire LLC now owns 4,454 shares of the company’s stock valued at $427,000 after buying an additional 379 shares during the period. Finally, Navigation Group LLC bought a new position in SPDR S&P 400 Mid Cap Growth ETF in the first quarter worth approximately $975,000.

SPDR S&P 400 Mid Cap Growth ETF Trading Down 0.0%

Shares of NYSEARCA MDYG opened at $107.97 on Friday. SPDR S&P 400 Mid Cap Growth ETF has a 12-month low of $86.23 and a 12-month high of $112.17. The stock’s fifty day simple moving average is $108.63 and its two-hundred day simple moving average is $102.90. The stock has a market capitalization of $2.82 billion, a PE ratio of 22.35 and a beta of 1.05.

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.