Tempo Wealth LLC Makes New Investment in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Tempo Wealth LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,396 shares of the company’s stock, valued at approximately $3,457,000. Tempo Wealth LLC owned approximately 0.14% of SPDR S&P 400 Mid Cap Growth ETF at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC increased its holdings in SPDR S&P 400 Mid Cap Growth ETF by 26.1% during the fourth quarter. AE Wealth Management LLC now owns 1,084,310 shares of the company’s stock valued at $100,223,000 after buying an additional 224,654 shares during the period. Redhawk Wealth Advisors Inc. raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 17.7% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 42,082 shares of the company’s stock worth $3,890,000 after buying an additional 6,339 shares in the last quarter. Balanced Wealth Group LLC lifted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 3.9% during the fourth quarter. Balanced Wealth Group LLC now owns 140,134 shares of the company’s stock worth $12,850,000 after buying an additional 5,324 shares during the period. Elevated Capital Advisors LLC lifted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 40.5% during the fourth quarter. Elevated Capital Advisors LLC now owns 24,162 shares of the company’s stock worth $2,233,000 after buying an additional 6,962 shares during the period. Finally, Mosaic Family Wealth Partners LLC boosted its position in SPDR S&P 400 Mid Cap Growth ETF by 31.4% during the 3rd quarter. Mosaic Family Wealth Partners LLC now owns 36,175 shares of the company’s stock valued at $3,311,000 after acquiring an additional 8,644 shares in the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Trading Up 1.3%

Shares of NYSEARCA MDYG opened at $110.53 on Friday. SPDR S&P 400 Mid Cap Growth ETF has a 12-month low of $83.38 and a 12-month high of $111.64. The stock’s fifty day simple moving average is $106.14 and its two-hundred day simple moving average is $100.08. The stock has a market capitalization of $2.87 billion, a PE ratio of 22.35 and a beta of 1.06.

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. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $850 million and $3.8 billion.