SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) Shares Sold by Key Financial Inc

Key Financial Inc cut its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 9.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,887 shares of the company’s stock after selling 1,985 shares during the period. Key Financial Inc’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $1,429,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the first quarter valued at about $29,000. Anchor Investment Management LLC purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the fourth quarter valued at about $32,000. Gradient Investments LLC boosted its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 314.0% in the fourth quarter. Gradient Investments LLC now owns 472 shares of the company’s stock valued at $36,000 after acquiring an additional 358 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the fourth quarter valued at about $38,000. Finally, Money Concepts Capital Corp acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the fourth quarter valued at about $47,000.

SPDR S&P 400 Mid CapGrowth ETF Stock Down 1.0 %

Shares of NYSEARCA MDYG traded down $0.84 during midday trading on Wednesday, hitting $81.54. The company had a trading volume of 135,518 shares, compared to its average volume of 196,245. SPDR S&P 400 Mid CapGrowth ETF has a twelve month low of $64.67 and a twelve month high of $87.69. The business has a 50-day simple moving average of $83.37 and a two-hundred day simple moving average of $75.82. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 18.34 and a beta of 1.09.

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.