Atomi Financial Group Inc. Acquires New Stake in SPDR S&P 400 Mid CapGrowth ETF

Atomi Financial Group Inc. took a significant step by acquiring a new position in the SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG) during the fourth quarter of the previous year. This information was disclosed in the company's most recent 13F filing with the SEC. Specifically, Atomi Financial Group purchased a total of 4,524 shares of MDYG, which are valued at approximately $393,000.

In addition to Atomi Financial Group, several other hedge funds have also recently adjusted their holdings in the SPDR S&P 400 Mid CapGrowth ETF. For instance, Legacy Investment Solutions LLC established a new stake worth about $25,000 in the third quarter. Similarly, Darwin Wealth Management LLC purchased a position valued at approximately $27,000, while Sound Income Strategies LLC made a new investment in the ETF during the same quarter, amounting to around $28,000. Furthermore, Mattson Financial Services LLC acquired a stake worth about $30,000 during the second quarter. Notably, MassMutual Private Wealth & Trust FSB significantly increased its investment in the ETF by 189.2% during the fourth quarter. They now hold 535 shares valued at $46,000 after buying an additional 350 shares in the last quarter.

SPDR S&P 400 Mid CapGrowth ETF Price Performance

The shares of MDYG opened at a price of $91.74 on the most recent trading day. The business sports a fifty-day moving average of $90.41 and a two-hundred-day moving average of $87.98. The firm has a market capitalization of $3.25 billion, accompanied by a P/E ratio of 18.50 and a beta of 1.09. Over the past year, the SPDR S&P 400 Mid CapGrowth ETF has experienced a low of $75.28 and a high of $95.51.

About SPDR S&P 400 Mid CapGrowth ETF

The SPDR S&P 400 Mid Cap Growth ETF aims to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index before expenses are taken into account. This index tracks the performance of the mid-capitalization growth sector within the United States equity market, specifically those stocks in the S&P MidCap 400 Index that demonstrate the most robust growth characteristics. These growth characteristics are assessed based on factors such as sales growth, earnings change relative to price, and momentum.

Additional Information

Investors interested in tracking the activity of hedge funds holding MDYG can visit sites that offer insights into the latest 13F filings and insider trades related to the SPDR S&P 400 Mid CapGrowth ETF.

Atomi, Acquisition, ETF