Perennial Investment Advisors LLC Grows Stock Holdings in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Perennial Investment Advisors LLC raised its holdings in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,784 shares of the company’s stock after purchasing an additional 486 shares during the period. SPDR S&P 400 Mid CapGrowth ETF accounts for approximately 1.0% of Perennial Investment Advisors LLC’s portfolio, making the stock its 22nd largest holding. Perennial Investment Advisors LLC owned approximately 0.23% of SPDR S&P 400 Mid CapGrowth ETF worth $6,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the second quarter worth about $40,000. Richardson Financial Services Inc. purchased a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the 1st quarter worth $42,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the second quarter worth $64,000. Assetmark Inc. lifted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 4,592.6% in the 4th quarter. Assetmark Inc. now owns 1,267 shares of the company’s stock valued at $96,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Arcadia Investment Management Corp MI grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 115.4% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 1,400 shares of the company’s stock worth $118,000 after purchasing an additional 750 shares during the period.

SPDR S&P 400 Mid CapGrowth ETF Stock Performance

MDYG opened at $86.10 on Tuesday. The company has a market cap of $3.05 billion, a PE ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a 1 year low of $64.67 and a 1 year high of $89.30. The firm has a 50 day moving average price of $85.17 and a 200 day moving average price of $84.80.

SPDR S&P 400 Mid CapGrowth ETF 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.