Paulson Wealth Management Inc. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 17.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,291 shares of the exchange traded fund’s stock after purchasing an additional 2,404 shares during the period. SPDR S&P MidCap 400 ETF Trust comprises 2.2% of Paulson Wealth Management Inc.’s holdings, making the stock its 12th largest position. Paulson Wealth Management Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $10,698,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 4.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 903,341 shares of the exchange traded fund’s stock worth $635,355,000 after purchasing an additional 38,573 shares during the last quarter. Generali Asset Management SPA SGR raised its stake in SPDR S&P MidCap 400 ETF Trust by 9.2% in the 3rd quarter. Generali Asset Management SPA SGR now owns 179,949 shares of the exchange traded fund’s stock worth $118,174,000 after purchasing an additional 15,171 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 11.4% in the second quarter. Envestnet Asset Management Inc. now owns 89,737 shares of the exchange traded fund’s stock valued at $63,115,000 after buying an additional 9,210 shares during the period. Cetera Investment Advisers lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 89,367 shares of the exchange traded fund’s stock valued at $55,118,000 after acquiring an additional 2,533 shares during the period. Finally, Mirae Asset Securities USA Inc. lifted its position in SPDR S&P MidCap 400 ETF Trust by 55.2% during the third quarter. Mirae Asset Securities USA Inc. now owns 77,729 shares of the exchange traded fund’s stock worth $51,045,000 after purchasing an additional 27,657 shares during the period.
SPDR S&P MidCap 400 ETF Trust Stock Down 3.9%
Shares of MDY stock opened at $653.68 on Friday. The business has a fifty day simple moving average of $671.06 and a 200 day simple moving average of $666.61. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $568.21 and a twelve month high of $717.35. The company has a market cap of $25.31 billion, a P/E ratio of 19.78 and a beta of 1.02.
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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.
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