Abound Financial LLC Invests $492,000 in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Abound Financial LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 864 shares of the exchange traded fund’s stock, valued at approximately $492,000.

Several other large investors have also recently made changes to their positions in MDY. West Financial Advisors LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth $28,000. New Wave Wealth Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $32,000. Brooklyn Investment Group purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $36,000. Peterson Financial Group Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth $68,000. Finally, Newton One Investments LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $69,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY stock opened at $566.50 on Friday. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $511.97 and a 1-year high of $624.13. The stock’s fifty day moving average price is $582.15 and its 200 day moving average price is $577.01. The company has a market cap of $23.86 billion, a price-to-earnings ratio of 19.87 and a beta of 1.13.

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.