Simplicity Wealth LLC Invests $312,000 in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Simplicity Wealth LLC purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,578 shares of the company’s stock, valued at approximately $312,000.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management grew its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 169.4% during the first quarter. Spire Wealth Management now owns 5,083 shares of the company’s stock worth $444,000 after purchasing an additional 3,196 shares during the period. Global Retirement Partners LLC grew its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 61.3% during the 1st quarter. Global Retirement Partners LLC now owns 28,625 shares of the company’s stock worth $2,499,000 after buying an additional 10,877 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 7.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 193,919 shares of the company’s stock valued at $16,927,000 after acquiring an additional 13,539 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF in the 1st quarter valued at about $914,000. Finally, Centennial Wealth Advisory LLC raised its position in shares of SPDR S&P 400 Mid CapGrowth ETF by 184.1% in the 1st quarter. Centennial Wealth Advisory LLC now owns 54,767 shares of the company’s stock valued at $4,780,000 after acquiring an additional 35,488 shares during the period.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

MDYG traded down $0.87 during mid-day trading on Thursday, hitting $84.99. The stock had a trading volume of 80,028 shares, compared to its average volume of 211,557. The stock’s fifty day simple moving average is $84.82 and its 200-day simple moving average is $78.83. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a 1-year low of $64.67 and a 1-year high of $87.69.

SPDR S&P 400 Mid CapGrowth 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.