UNIVEST FINANCIAL Corp Raises Stake in SPDR S&P 400 Mid Cap Growth ETF $MDYG

UNIVEST FINANCIAL Corp grew its stake in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) by 1,102.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,940 shares of the company’s stock after acquiring an additional 294,255 shares during the quarter. SPDR S&P 400 Mid Cap Growth ETF comprises approximately 1.6% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 13th biggest position. UNIVEST FINANCIAL Corp owned about 1.22% of SPDR S&P 400 Mid Cap Growth ETF worth $29,665,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advisor OS LLC grew its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 156.3% in the fourth quarter. Advisor OS LLC now owns 20,070 shares of the company’s stock valued at $1,855,000 after purchasing an additional 12,240 shares during the period. Flagship Private Wealth LLC increased its position in SPDR S&P 400 Mid Cap Growth ETF by 14.9% during the fourth quarter. Flagship Private Wealth LLC now owns 6,795 shares of the company’s stock worth $628,000 after purchasing an additional 882 shares during the last quarter. MGO One Seven LLC raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 5.3% during the fourth quarter. MGO One Seven LLC now owns 13,585 shares of the company’s stock worth $1,256,000 after purchasing an additional 678 shares during the period. SFG Wealth Management LLC. raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 8.8% during the fourth quarter. SFG Wealth Management LLC. now owns 160,379 shares of the company’s stock worth $14,824,000 after purchasing an additional 12,930 shares during the period. Finally, Milestone Asset Management Group LLC boosted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 7.5% in the 4th quarter. Milestone Asset Management Group LLC now owns 10,174 shares of the company’s stock valued at $940,000 after purchasing an additional 711 shares during the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

SPDR S&P 400 Mid Cap Growth ETF stock opened at $107.51 on Friday. The firm has a 50 day simple moving average of $100.03 and a 200-day simple moving average of $96.56. SPDR S&P 400 Mid Cap Growth ETF has a 1-year low of $81.76 and a 1-year high of $109.31. The stock has a market cap of $2.79 billion, a price-to-earnings 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.