Focus Financial Network Inc. Trims Stock Position in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG)

Focus Financial Network Inc. trimmed its holdings in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 70.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,960 shares of the company’s stock after selling 21,286 shares during the period. Focus Financial Network Inc.’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. NorthRock Partners LLC raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 185.9% in the 4th quarter. NorthRock Partners LLC now owns 998,446 shares of the company’s stock worth $86,755,000 after buying an additional 649,192 shares during the period. Raymond James Financial Inc. purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the 4th quarter worth about $24,981,000. Stifel Financial Corp lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 17.5% in the 4th quarter. Stifel Financial Corp now owns 1,406,917 shares of the company’s stock valued at $122,247,000 after purchasing an additional 209,297 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 19.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,184,278 shares of the company’s stock valued at $102,903,000 after purchasing an additional 191,334 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter worth about $14,077,000.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

MDYG opened at $85.39 on Friday. SPDR S&P 400 Mid Cap Growth ETF has a 1 year low of $68.59 and a 1 year high of $95.51. The firm has a 50 day moving average price of $81.10 and a 200 day moving average price of $84.97. The company has a market cap of $2.23 billion, a PE ratio of 20.98 and a beta of 1.09.

About SPDR S&P 400 Mid Cap Growth 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.