Independent Financial Group LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,697 shares of the exchange traded fund’s stock, valued at approximately $1,663,000.
A number of other institutional investors and hedge funds have also made changes to their positions in MDY. Sound Income Strategies LLC raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 177.8% during the 4th quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 32 shares during the period. High Point Wealth Management LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $34,000. EFG International AG purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth $40,000. Ascentis Independent Advisors purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 255.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 71 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 51 shares in the last quarter.
SPDR S&P MidCap 400 ETF Trust Stock Performance
NYSEARCA:MDY opened at $688.75 on Monday. The stock has a market capitalization of $26.88 billion, a PE ratio of 18.98 and a beta of 1.00. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $559.89 and a fifty-two week high of $704.45. The company has a fifty day moving average of $683.37 and a two-hundred day moving average of $654.34.
SPDR S&P MidCap 400 ETF Trust Company Profile
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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.
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