Gladstone Institutional Advisory LLC Sells 3,357 Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Gladstone Institutional Advisory LLC reduced its stake in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,475 shares of the company’s stock after selling 3,357 shares during the period. Gladstone Institutional Advisory LLC’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $3,604,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the third quarter valued at $27,000. Sound Income Strategies LLC bought a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the third quarter valued at $28,000. Capital Investment Advisory Services LLC boosted its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 110.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 418 shares of the company’s stock valued at $36,000 after buying an additional 219 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in SPDR S&P 400 Mid CapGrowth ETF by 189.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 535 shares of the company’s stock worth $46,000 after buying an additional 350 shares in the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Stock Performance

MDYG opened at $88.37 on Thursday. The company’s 50-day simple moving average is $89.74 and its two-hundred day simple moving average is $88.37. The stock has a market capitalization of $3.13 billion, a P/E ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a 52-week low of $77.26 and a 52-week high of $95.51.

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.