Gibbs Wealth Management Purchases 4,635 Shares of SPDR S&P 400 Mid Cap Growth ETF $MDYG

Gibbs Wealth Management grew its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 160.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,527 shares of the company’s stock after buying an additional 4,635 shares during the quarter. Gibbs Wealth Management’s holdings in SPDR S&P 400 Mid Cap Growth ETF were worth $722,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter valued at $30,000. KERR FINANCIAL PLANNING Corp lifted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 50.0% during the first quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock worth $34,000 after purchasing an additional 114 shares during the last quarter. Arax Advisory Partners bought a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the fourth quarter worth $51,000. Financial Life Planners purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the first quarter valued at $62,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the first quarter worth about $73,000.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

Shares of MDYG opened at $107.97 on Friday. SPDR S&P 400 Mid Cap Growth ETF has a 1-year low of $86.23 and a 1-year high of $112.17. The company has a 50-day moving average of $108.63 and a 200 day moving average of $102.90. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 22.35 and a beta of 1.05.

SPDR S&P 400 Mid Cap Growth ETF Company 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.