Strategic Financial Concepts LLC Makes New $318,000 Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Strategic Financial Concepts LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 571 shares of the exchange traded fund’s stock, valued at approximately $318,000.

Several other large investors have also made changes to their positions in the business. Bay Rivers Group increased its position in SPDR S&P MidCap 400 ETF Trust by 4.6% during the first quarter. Bay Rivers Group now owns 7,874 shares of the exchange traded fund’s stock worth $4,381,000 after acquiring an additional 345 shares during the period. PFG Investments LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 1st quarter worth about $355,000. Accordant Advisory Group Inc acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter valued at about $219,000. Edge Financial Advisors LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter valued at about $1,523,000. Finally, Strategic Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the first quarter worth about $603,000.

SPDR S&P MidCap 400 ETF Trust Trading Down 1.8 %

MDY traded down $9.52 on Tuesday, hitting $522.76. 801,842 shares of the stock traded hands, compared to its average volume of 940,658. The business has a fifty day moving average price of $535.20 and a two-hundred day moving average price of $501.00. The firm has a market capitalization of $21.27 billion, a PE ratio of 15.15 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $424.22 and a 52 week high of $558.34.

About SPDR S&P MidCap 400 ETF Trust

SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items.