UNIVEST FINANCIAL Corp Acquires New Position in SPDR S&P 400 Mid Cap Growth ETF $MDYG

UNIVEST FINANCIAL Corp bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) during the third quarter, HoldingsChannel.com reports. The firm bought 64,934 shares of the company’s stock, valued at approximately $6,788,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NorthRock Partners LLC grew its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 6.5% in the second 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 during the period. Kinetic Wealth Investment Advisors LLC acquired a new position in SPDR S&P 400 Mid Cap Growth ETF in the second quarter valued at $958,000. IMC Chicago LLC acquired a new position in SPDR S&P 400 Mid Cap Growth ETF in the first quarter valued at $926,000. Fifth Third Bancorp increased its stake in SPDR S&P 400 Mid Cap Growth ETF by 39,225.0% in the first quarter. Fifth Third Bancorp now owns 12,584 shares of the company’s stock valued at $1,208,000 after purchasing an additional 12,552 shares during the last quarter. Finally, FAS Wealth Partners Inc. increased its stake in 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 last quarter.

SPDR S&P 400 Mid Cap Growth ETF Trading Up 1.2%

NYSEARCA MDYG opened at $105.35 on Thursday. The business’s 50-day moving average price is $104.97 and its 200 day moving average price is $104.72. SPDR S&P 400 Mid Cap Growth ETF has a twelve month low of $87.09 and a twelve month high of $113.93. The company has a market capitalization of $2.85 billion, a PE ratio of 25.03 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.