Bank of New York Mellon Corp Acquires 2,867 Shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Bank of New York Mellon Corp grew its stake in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 88.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,096 shares of the company’s stock after acquiring an additional 2,867 shares during the quarter. Bank of New York Mellon Corp’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $530,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp increased its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 146.2% during the third quarter. Stifel Financial Corp now owns 1,197,620 shares of the company’s stock valued at $105,079,000 after acquiring an additional 711,253 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 6,605.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 992,944 shares of the company’s stock worth $87,122,000 after purchasing an additional 978,136 shares in the last quarter. Parcion Private Wealth LLC raised its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 0.9% in the fourth quarter. Parcion Private Wealth LLC now owns 832,560 shares of the company’s stock worth $72,341,000 after purchasing an additional 7,177 shares during the last quarter. Confluence Investment Management LLC raised its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 12.4% in the fourth quarter. Confluence Investment Management LLC now owns 548,721 shares of the company’s stock worth $47,678,000 after purchasing an additional 60,545 shares during the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 3.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 290,957 shares of the company’s stock valued at $25,281,000 after purchasing an additional 8,755 shares in the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Stock Down 0.9 %

Shares of NYSEARCA MDYG opened at $81.03 on Friday. The firm’s 50-day moving average price is $86.04 and its 200-day moving average price is $88.03. SPDR S&P 400 Mid CapGrowth ETF has a 52-week low of $77.49 and a 52-week high of $95.51. The company has a market cap of $2.58 billion, a PE ratio of 21.35 and a beta of 1.12.

SPDR S&P 400 Mid CapGrowth ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a $0.1481 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.