Convergence Financial LLC Raises Stake in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

Convergence Financial LLC lifted its position in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,381 shares of the company’s stock after acquiring an additional 19,011 shares during the period. SPDR S&P 400 Mid CapGrowth ETF makes up approximately 4.2% of Convergence Financial LLC’s portfolio, making the stock its 5th largest position. Convergence Financial LLC’s holdings in SPDR S&P 400 Mid CapGrowth ETF were worth $19,863,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in SPDR S&P 400 Mid CapGrowth ETF during the 3rd quarter valued at $28,000. Mattson Financial Services LLC purchased a new position in shares of SPDR S&P 400 Mid CapGrowth ETF in the second quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P 400 Mid CapGrowth ETF during the second quarter valued at $40,000. Richardson Financial Services Inc. purchased a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF during the first quarter valued at $42,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in SPDR S&P 400 Mid CapGrowth ETF in the 2nd quarter worth about $64,000.

SPDR S&P 400 Mid CapGrowth ETF Stock Performance

Shares of NYSEARCA:MDYG opened at $87.12 on Friday. The business has a 50-day simple moving average of $86.77 and a two-hundred day simple moving average of $85.31. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 18.50 and a beta of 1.09. SPDR S&P 400 Mid CapGrowth ETF has a fifty-two week low of $64.67 and a fifty-two week high of $90.00.

About SPDR S&P 400 Mid CapGrowth 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.