B. Riley Wealth Advisors Inc. Reduces Stock Holdings in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

B. Riley Wealth Advisors Inc. cut its stake in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 36.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,298 shares of the company’s stock after selling 1,914 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 12.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 85,856 shares of the company’s stock valued at $7,217,000 after acquiring an additional 9,516 shares in the last quarter. Fairscale Capital LLC purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 2nd quarter worth approximately $885,000. Balanced Wealth Group LLC boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 6.1% during the 2nd quarter. Balanced Wealth Group LLC now owns 227,099 shares of the company’s stock valued at $19,090,000 after buying an additional 12,984 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 12.2% during the 2nd quarter. AE Wealth Management LLC now owns 744,990 shares of the company’s stock valued at $62,624,000 after buying an additional 81,121 shares during the last quarter. Finally, WCG Wealth Advisors LLC grew its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 0.6% during the second quarter. WCG Wealth Advisors LLC now owns 96,485 shares of the company’s stock worth $8,110,000 after buying an additional 601 shares in the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

MDYG opened at $87.47 on Wednesday. The stock has a market capitalization of $3.10 billion, a PE ratio of 18.50 and a beta of 1.09. The firm’s fifty day moving average price is $85.51 and its 200 day moving average price is $85.10. SPDR S&P 400 Mid CapGrowth ETF has a 12-month low of $64.67 and a 12-month high of $89.30.

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.