NewEdge Wealth LLC Grows Stake in SPDR S&P MidCap 400 ETF Trust $MDY

NewEdge Wealth LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 190.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,012 shares of the exchange traded fund’s stock after acquiring an additional 1,320 shares during the period. NewEdge Wealth LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,190,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Activest Wealth Management grew its holdings in SPDR S&P MidCap 400 ETF Trust by 125.0% during the third quarter. Activest Wealth Management now owns 54 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 30 shares during the period. Brown Lisle Cummings Inc. raised its stake 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 period. CoreFirst Bank & Trust purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter valued at $40,000. Cloud Capital Management LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth $41,000. Finally, ST Germain D J Co. Inc. bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth $42,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of MDY opened at $658.61 on Monday. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $458.82 and a fifty-two week high of $662.65. The business has a 50-day moving average of $631.10 and a 200 day moving average of $607.19. The firm has a market cap of $25.57 billion, a P/E ratio of 18.98 and a beta of 1.06.

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.