Financial Advocates Investment Management reduced its stake in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,201 shares of the company’s stock after selling 2,987 shares during the quarter. Financial Advocates Investment Management’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $107,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Pensionmark Financial Group LLC bought a new position in SPDR S&P 400 Mid CapGrowth ETF in the 4th quarter worth $7,793,000. Bank of America Corp DE raised its holdings in SPDR S&P 400 Mid CapGrowth ETF by 21.2% in the 4th quarter. Bank of America Corp DE now owns 171,754 shares of the company’s stock worth $7,875,000 after purchasing an additional 29,992 shares during the period. Two Sigma Securities LLC bought a new position in SPDR S&P 400 Mid CapGrowth ETF in the 4th quarter worth $312,000. Mosaic Family Wealth LLC bought a new position in SPDR S&P 400 Mid CapGrowth ETF in the 4th quarter worth $239,000. Finally, Total Wealth Planning LLC bought a new stake in SPDR S&P 400 Mid CapGrowth ETF during the fourth quarter valued at about $3,781,000.
NYSEARCA:MDYG opened at $51.46 on Friday. SPDR S&P 400 Mid CapGrowth ETF has a 52 week low of $43.09 and a 52 week high of $57.22.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.139 per share. The ex-dividend date was Monday, March 18th. This represents a $0.56 dividend on an annualized basis and a yield of 1.08%.
TRADEMARK VIOLATION WARNING: “Financial Advocates Investment Management Sells 2,987 Shares of SPDR S&P 400 Mid CapGrowth ETF (MDYG)” was reported by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.thestockobserver.com/2019/03/24/financial-advocates-investment-management-sells-2987-shares-of-spdr-sp-400-mid-capgrowth-etf-mdyg.html.
SPDR S&P 400 Mid CapGrowth ETF Company 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.
See Also: Why are gap-down stocks important?
Want to see what other hedge funds are holding MDYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG).
Receive News & Ratings for SPDR S&P 400 Mid CapGrowth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 400 Mid CapGrowth ETF and related companies with MarketBeat.com's FREE daily email newsletter.