LVZ Advisors Inc. Invests $543,000 in SPDR S&P 400 Mid CapGrowth ETF (MDYG) Stock

LVZ Advisors Inc. acquired a new stake in shares of SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,316 shares of the company’s stock, valued at approximately $543,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rehmann Capital Advisory Group grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 200.0% during the second quarter. Rehmann Capital Advisory Group now owns 1,980 shares of the company’s stock valued at $107,000 after buying an additional 1,320 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 553.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,058 shares of the company’s stock valued at $111,000 after buying an additional 1,743 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 1,781.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,164 shares of the company’s stock valued at $117,000 after buying an additional 2,049 shares during the last quarter. Arcadia Investment Management Corp MI grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 200.0% during the second quarter. Arcadia Investment Management Corp MI now owns 2,703 shares of the company’s stock valued at $146,000 after buying an additional 1,802 shares during the last quarter. Finally, FTB Advisors Inc. grew its holdings in shares of SPDR S&P 400 Mid CapGrowth ETF by 200.0% during the second quarter. FTB Advisors Inc. now owns 2,862 shares of the company’s stock valued at $155,000 after buying an additional 1,908 shares during the last quarter.

Shares of MDYG traded down $0.31 during trading hours on Friday, reaching $51.41. 2,320 shares of the company traded hands, compared to its average volume of 150,685. SPDR S&P 400 Mid CapGrowth ETF has a 12-month low of $49.02 and a 12-month high of $57.22.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Stockholders of record on Tuesday, September 25th were issued a dividend of $0.1875 per share. The ex-dividend date was Monday, September 24th. This is a positive change from SPDR S&P 400 Mid CapGrowth ETF’s previous quarterly dividend of $0.15. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.46%.

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.

Read More: Return on Investment (ROI)

Institutional Ownership by Quarter for SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG)

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