J.Safra Asset Management Corp bought a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 923 shares of the exchange traded fund’s stock, valued at approximately $550,000.
Several other hedge funds also recently modified their holdings of the company. Brown Lisle Cummings Inc. raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 110.0% in the third quarter. Brown Lisle Cummings Inc. now owns 63 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 33 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth approximately $40,000. ST Germain D J Co. Inc. acquired a new position in SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at $42,000. RMG Wealth Management LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the 2nd quarter valued at $45,000. Finally, Tripletail Wealth Management LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth $49,000.
SPDR S&P MidCap 400 ETF Trust Stock Down 0.3%
MDY stock opened at $639.85 on Monday. The stock has a market capitalization of $25.24 billion, a price-to-earnings ratio of 18.98 and a beta of 1.06. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $458.82 and a 52-week high of $644.19. The stock’s fifty day simple moving average is $607.87 and its 200-day simple moving average is $595.95.
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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