Salomon & Ludwin LLC Buys New Position in SPDR S&P 400 Mid Cap Growth ETF $MDYG

Salomon & Ludwin LLC acquired a new position in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,273 shares of the company’s stock, valued at approximately $1,806,000. Salomon & Ludwin LLC owned 0.06% of SPDR S&P 400 Mid Cap Growth ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Convergence Financial LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at $22,484,000. Rodgers & Associates LTD bought a new stake in SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth approximately $19,162,000. Farther Finance Advisors LLC bought a new stake in SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth approximately $10,784,000. ERn Financial LLC purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF during the third quarter valued at approximately $9,651,000. Finally, Marathon Mission Inc. bought a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter valued at approximately $8,859,000.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

NYSEARCA MDYG opened at $102.87 on Monday. The business’s 50 day moving average price is $105.86 and its 200-day moving average price is $104.51. SPDR S&P 400 Mid Cap Growth ETF has a fifty-two week low of $87.09 and a fifty-two week high of $113.93. The company has a market cap of $2.79 billion, a P/E ratio of 22.35 and a beta of 1.06.

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. 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.