Root Financial Partners LLC Buys 9,619 Shares of SPDR S&P 400 Mid Cap Growth ETF $MDYG

Root Financial Partners LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 9,619 shares of the company’s stock, valued at approximately $1,005,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MDYG. NorthRock Partners LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 6.5% in the 2nd quarter. NorthRock Partners LLC now owns 1,153,617 shares of the company’s stock valued at $129,309,000 after purchasing an additional 70,276 shares in the last quarter. FAS Wealth Partners Inc. lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 2.1% in the first quarter. FAS Wealth Partners Inc. now owns 507,678 shares of the company’s stock valued at $48,717,000 after purchasing an additional 10,447 shares during the period. Private Advisor Group LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 40.6% in the first quarter. Private Advisor Group LLC now owns 425,586 shares of the company’s stock valued at $40,839,000 after purchasing an additional 122,989 shares during the period. GHP Investment Advisors Inc. boosted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 1.8% during the first quarter. GHP Investment Advisors Inc. now owns 330,087 shares of the company’s stock worth $31,675,000 after buying an additional 5,975 shares in the last quarter. Finally, Avantax Planning Partners Inc. boosted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 11.6% during the first quarter. Avantax Planning Partners Inc. now owns 321,914 shares of the company’s stock worth $30,891,000 after buying an additional 33,447 shares in the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Trading Down 2.1%

MDYG stock opened at $102.59 on Friday. The company’s 50-day moving average price is $106.81 and its 200 day moving average price is $107.16. SPDR S&P 400 Mid Cap Growth ETF has a 52 week low of $87.09 and a 52 week high of $113.93. The company has a market cap of $2.76 billion, a P/E 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.