Ashford Advisors LLC Invests $813,000 in SPDR S&P MidCap 400 ETF Trust $MDY

Ashford Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,361 shares of the exchange traded fund’s stock, valued at approximately $813,000. SPDR S&P MidCap 400 ETF Trust accounts for about 0.2% of Ashford Advisors LLC’s investment portfolio, making the stock its 11th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Brown Lisle Cummings Inc. increased its stake in SPDR S&P MidCap 400 ETF Trust by 110.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 63 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 33 shares in the last quarter. CoreFirst Bank & Trust bought a new position in SPDR S&P MidCap 400 ETF Trust during the second quarter valued at about $40,000. ST Germain D J Co. Inc. bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at approximately $42,000. RMG Wealth Management LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust during the second quarter valued at about $45,000. Finally, Tripletail Wealth Management LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at approximately $49,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of NYSEARCA MDY opened at $635.77 on Wednesday. The business has a fifty day moving average of $614.79 and a two-hundred day moving average of $598.75. The stock has a market cap of $24.93 billion, a PE 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 $648.79.

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.