Spence Asset Management Sells 2,587 Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Spence Asset Management lowered its stake in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 11.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,945 shares of the company’s stock after selling 2,587 shares during the quarter. SPDR S&P 400 Mid CapGrowth ETF makes up about 0.6% of Spence Asset Management’s holdings, making the stock its 22nd biggest position. Spence Asset Management owned about 0.06% of SPDR S&P 400 Mid CapGrowth ETF worth $1,048,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 20.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,644 shares of the company’s stock valued at $75,000 after acquiring an additional 279 shares during the last quarter. PFG Advisors raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 6.0% in the 4th quarter. PFG Advisors now owns 5,206 shares of the company’s stock valued at $249,000 after acquiring an additional 294 shares during the last quarter. Parallel Advisors LLC raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 33.2% in the 4th quarter. Parallel Advisors LLC now owns 1,204 shares of the company’s stock valued at $55,000 after acquiring an additional 300 shares during the last quarter. Gamble Jones Investment Counsel raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 8.6% in the 4th quarter. Gamble Jones Investment Counsel now owns 7,224 shares of the company’s stock valued at $331,000 after acquiring an additional 571 shares during the last quarter. Finally, Keystone Financial Group raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 12.3% in the 4th quarter. Keystone Financial Group now owns 5,880 shares of the company’s stock valued at $270,000 after acquiring an additional 642 shares during the last quarter.

Shares of MDYG stock traded down $0.20 on Wednesday, reaching $53.71. 13 shares of the stock were exchanged, compared to its average volume of 189,927. SPDR S&P 400 Mid CapGrowth ETF has a 1-year low of $43.09 and a 1-year high of $57.22.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Tuesday, March 19th were issued a $0.139 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.56 annualized dividend and a yield of 1.04%.

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About SPDR S&P 400 Mid CapGrowth 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.

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Institutional Ownership by Quarter for SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

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