Kingswood Wealth Advisors LLC Trims Stake in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Kingswood Wealth Advisors LLC cut its position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 34.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,494 shares of the company’s stock after selling 1,314 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $218,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the fourth quarter valued at approximately $32,000. Gradient Investments LLC grew its position in SPDR S&P 400 Mid CapGrowth ETF by 314.0% during the 4th quarter. Gradient Investments LLC now owns 472 shares of the company’s stock worth $36,000 after purchasing an additional 358 shares during the last quarter. Fifth Third Bancorp acquired a new position in SPDR S&P 400 Mid CapGrowth ETF in the fourth quarter valued at $38,000. Assetmark Inc. raised its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 4,592.6% in the fourth quarter. Assetmark Inc. now owns 1,267 shares of the company’s stock valued at $96,000 after buying an additional 1,240 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 32.7% during the fourth quarter. Private Trust Co. NA now owns 1,782 shares of the company’s stock worth $135,000 after buying an additional 439 shares during the period.

SPDR S&P 400 Mid CapGrowth ETF Stock Down 0.1 %

Shares of MDYG stock opened at $84.06 on Friday. The stock’s 50-day moving average price is $84.56 and its 200 day moving average price is $81.50. The stock has a market capitalization of $2.98 billion, a PE ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a 52-week low of $64.67 and a 52-week high of $87.69.

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.