Foundations Investment Advisors LLC Grows Stake in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Foundations Investment Advisors LLC lifted its position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 2,181.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 133,530 shares of the company’s stock after purchasing an additional 127,678 shares during the period. Foundations Investment Advisors LLC’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $11,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MDYG. Benjamin Edwards Inc. raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 6,605.5% during the third quarter. Benjamin Edwards Inc. now owns 992,944 shares of the company’s stock valued at $87,122,000 after acquiring an additional 978,136 shares during the period. Stifel Financial Corp increased its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 146.2% in the third quarter. Stifel Financial Corp now owns 1,197,620 shares of the company’s stock worth $105,079,000 after purchasing an additional 711,253 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 165.6% in the third quarter. Confluence Investment Management LLC now owns 488,176 shares of the company’s stock worth $42,833,000 after purchasing an additional 304,355 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 8,673.6% in the third quarter. International Assets Investment Management LLC now owns 211,268 shares of the company’s stock worth $18,537,000 after purchasing an additional 208,860 shares during the last quarter. Finally, Parcion Private Wealth LLC increased its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 30.8% in the third quarter. Parcion Private Wealth LLC now owns 825,383 shares of the company’s stock worth $72,419,000 after purchasing an additional 194,413 shares during the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Trading Down 1.7 %

MDYG opened at $90.48 on Monday. SPDR S&P 400 Mid CapGrowth ETF has a 12 month low of $75.28 and a 12 month high of $95.51. The stock has a 50-day moving average of $90.45 and a 200 day moving average of $88.10. The firm has a market cap of $3.21 billion, a P/E ratio of 18.50 and a beta of 1.09.

SPDR S&P 400 Mid CapGrowth 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.