Torrey Payne Wealth Management LLC bought a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,800 shares of the exchange traded fund’s stock, valued at approximately $10,046,000. SPDR S&P MidCap 400 ETF Trust comprises about 9.0% of Torrey Payne Wealth Management LLC’s portfolio, making the stock its 4th largest position.
Other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 177.8% in the 4th quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 32 shares during the last quarter. High Point Wealth Management LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $34,000. EFG International AG purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in SPDR S&P MidCap 400 ETF Trust by 255.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 71 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 51 shares in the last quarter. Finally, Acumen Wealth Advisors LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $48,000.
SPDR S&P MidCap 400 ETF Trust Stock Performance
Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $691.00 on Friday. The stock has a market capitalization of $27.15 billion, a PE ratio of 18.98 and a beta of 1.01. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $547.05 and a 52-week high of $704.12. The company has a 50-day simple moving average of $670.06 and a two-hundred day simple moving average of $642.22.
SPDR S&P MidCap 400 ETF Trust 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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