Meridian Investment Counsel Inc. Has $4.96 Million Stock Holdings in SPDR S&P MidCap 400 ETF Trust $MDY

Meridian Investment Counsel Inc. grew its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,750 shares of the exchange traded fund’s stock after buying an additional 27 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for about 1.3% of Meridian Investment Counsel Inc.’s holdings, making the stock its 15th biggest holding. Meridian Investment Counsel Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $4,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter valued at about $27,000. Aviso Financial Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter valued at about $27,000. Alpine Bank Wealth Management acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter valued at about $32,000. Marshall Investment Management LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter valued at about $33,000. Finally, City Holding Co. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 80.0% in the first quarter. City Holding Co. now owns 90 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 40 shares during the period.

SPDR S&P MidCap 400 ETF Trust Trading Up 1.0%

Shares of MDY stock opened at $596.68 on Friday. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 18.98 and a beta of 1.12. The stock has a 50-day moving average of $588.93 and a 200-day moving average of $558.35. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $458.82 and a 1-year high of $624.13.

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.