ERn Financial LLC Trims Stock Holdings in SPDR S&P 400 Mid Cap Growth ETF $MDYG

ERn Financial LLC lowered its position in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 8.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 96,785 shares of the company’s stock after selling 9,106 shares during the period. SPDR S&P 400 Mid Cap Growth ETF comprises approximately 1.8% of ERn Financial LLC’s holdings, making the stock its 17th largest position. ERn Financial LLC’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $8,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 17.3% in the first quarter. Citigroup Inc. now owns 2,770,535 shares of the company’s stock valued at $220,147,000 after purchasing an additional 408,202 shares during the period. LPL Financial LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 4.0% in the first quarter. LPL Financial LLC now owns 1,825,628 shares of the company’s stock valued at $145,064,000 after purchasing an additional 69,733 shares during the period. NorthRock Partners LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 2.4% in the first quarter. NorthRock Partners LLC now owns 1,021,776 shares of the company’s stock valued at $81,190,000 after purchasing an additional 24,168 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 23.6% in the first quarter. Envestnet Asset Management Inc. now owns 769,747 shares of the company’s stock valued at $61,164,000 after purchasing an additional 146,818 shares during the period. Finally, AE Wealth Management LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 13.2% in the first quarter. AE Wealth Management LLC now owns 731,438 shares of the company’s stock valued at $58,120,000 after purchasing an additional 85,471 shares during the period.

SPDR S&P 400 Mid Cap Growth ETF Trading Up 1.0%

NYSEARCA:MDYG opened at $91.62 on Monday. The firm has a market cap of $2.42 billion, a P/E ratio of 22.35 and a beta of 1.09. The stock’s 50 day simple moving average is $90.31 and its 200-day simple moving average is $85.19. SPDR S&P 400 Mid Cap Growth ETF has a 12-month low of $68.59 and a 12-month high of $95.51.

SPDR S&P 400 Mid Cap Growth 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.