Raymond James Financial Inc. Makes New $24.98 Million Investment in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Raymond James Financial Inc. bought a new position in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 287,504 shares of the company’s stock, valued at approximately $24,981,000.

Other hedge funds also recently bought and sold shares of the company. M&T Bank Corp bought a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the 4th quarter worth about $628,000. Atria Investments Inc boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 8.6% during the 4th quarter. Atria Investments Inc now owns 19,851 shares of the company’s stock worth $1,725,000 after acquiring an additional 1,569 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of SPDR S&P 400 Mid CapGrowth ETF by 45.1% during the 4th quarter. Jones Financial Companies Lllp now owns 118,220 shares of the company’s stock worth $10,272,000 after acquiring an additional 36,765 shares in the last quarter. Norden Group LLC boosted its stake in SPDR S&P 400 Mid CapGrowth ETF by 24.4% during the 4th quarter. Norden Group LLC now owns 3,905 shares of the company’s stock valued at $339,000 after purchasing an additional 767 shares during the period. Finally, Cape Investment Advisory Inc. boosted its stake in SPDR S&P 400 Mid CapGrowth ETF by 198.1% during the 4th quarter. Cape Investment Advisory Inc. now owns 310 shares of the company’s stock valued at $27,000 after purchasing an additional 206 shares during the period.

SPDR S&P 400 Mid CapGrowth ETF Stock Up 2.5 %

Shares of NYSEARCA:MDYG opened at $79.88 on Friday. The business has a 50 day moving average price of $87.23 and a 200 day moving average price of $88.28. SPDR S&P 400 Mid CapGrowth ETF has a twelve month low of $77.49 and a twelve month high of $95.51. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 21.05 and a beta of 1.12.

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.