Fairscale Capital LLC Takes $885,000 Position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Fairscale Capital LLC purchased a new position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,920 shares of the company’s stock, valued at approximately $885,000. SPDR S&P 400 Mid CapGrowth ETF accounts for 0.7% of Fairscale Capital LLC’s investment portfolio, making the stock its 28th largest position.

A number of other hedge funds also recently modified their holdings of the stock. True Vision MN LLC acquired a new stake in SPDR S&P 400 Mid CapGrowth ETF during the fourth quarter worth about $294,000. CreativeOne Wealth LLC acquired a new position in SPDR S&P 400 Mid CapGrowth ETF during the first quarter valued at approximately $254,000. Park Avenue Securities LLC lifted its stake in SPDR S&P 400 Mid CapGrowth ETF by 70.6% during the first quarter. Park Avenue Securities LLC now owns 22,905 shares of the company’s stock worth $1,999,000 after purchasing an additional 9,479 shares during the last quarter. Cooper Financial Group lifted its stake in SPDR S&P 400 Mid CapGrowth ETF by 1.2% during the first quarter. Cooper Financial Group now owns 25,923 shares of the company’s stock worth $2,263,000 after purchasing an additional 315 shares during the last quarter. Finally, RFG Advisory LLC acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the 1st quarter valued at $218,000.

SPDR S&P 400 Mid CapGrowth ETF Stock Performance

SPDR S&P 400 Mid CapGrowth ETF stock opened at $87.61 on Friday. SPDR S&P 400 Mid CapGrowth ETF has a 52 week low of $64.67 and a 52 week high of $89.30. The stock has a market capitalization of $3.11 billion, a P/E ratio of 18.50 and a beta of 1.09. The stock has a fifty day moving average of $85.36 and a 200-day moving average of $84.88.

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.