Occidental Asset Management LLC Bolsters Position in SPDR S&P 400 Mid CapGrowth ETF with Additional Shares

In a strategic portfolio update, Occidental Asset Management LLC has reported a 2.2% increase in their investment in SPDR S&P 400 Mid CapGrowth ETF (NYSEARCA:MDYG), as indicated by the latest Form 13F filing with the Securities and Exchange Commission. The increase equates to the acquisition of an extra 471 shares in the third quarter, raising the total shares held by Occidental to 22,135.

Occidental Asset Management's Share Statistics

At the conclusion of the reporting period, Occidental Asset Management LLC’s stake in the ETF was valued at approximately $1,530,000, which corresponds to a 0.08% ownership of the overall SPDR S&P 400 Mid CapGrowth ETF.

Broad Institutional Interest

The investment decision by Occidental Asset Management LLC aligns with a broader trend among institutional investors and hedge funds adjusting their positions in MDYG. Several notable firms including Bank of New York Mellon Corp, Prudential PLC, Baltimore Washington Financial Advisors Inc., Mariner LLC, and Signet Financial Management LLC have also reported varying degrees of stake increases within the last quarters. These adjustments showcase the active engagement of institutional entities in managing their ETF portfolios.

SPDR S&P 400 Mid CapGrowth ETF Performance Update

The SPDR S&P 400 Mid CapGrowth ETF itself has experienced slight market movements, with the unit price edging up by $0.08 to $76.54 on a recent trading day. Despite minor fluctuations, the ETF maintains steady trading volumes and a respectable year-on-year performance. The trading volume was noted at 10,932 shares, positioning itself against an average volume of 99,964.

Understanding SPDR S&P 400 Mid CapGrowth ETF

The SPDR S&P 400 Mid Cap Growth ETF aims to mirror the results and characteristics of the S&P Mid Cap 400 Growth Index before expenses. This entails tracking the performance of the US equity market's mid-capitalization growth sector. The selected stocks within the ETF are those that exhibit robust growth characteristics, assessed through factors such as sales growth, earnings relative to price, and overall market momentum.

investment, growth, management