NewEdge Wealth LLC Has $8.02 Million Stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

NewEdge Wealth LLC raised its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1,304.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,075 shares of the exchange traded fund’s stock after acquiring an additional 13,073 shares during the period. NewEdge Wealth LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $8,017,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MDY. PFG Investments LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 17.3% in the fourth quarter. PFG Investments LLC now owns 767 shares of the exchange traded fund’s stock valued at $437,000 after purchasing an additional 113 shares in the last quarter. Flagstar Advisors Inc. increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.7% in the third quarter. Flagstar Advisors Inc. now owns 5,700 shares of the exchange traded fund’s stock valued at $3,256,000 after purchasing an additional 152 shares in the last quarter. Inspire Trust Co. N.A. increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 19.1% in the third quarter. Inspire Trust Co. N.A. now owns 11,822 shares of the exchange traded fund’s stock valued at $6,735,000 after purchasing an additional 1,900 shares in the last quarter. Frisch Financial Group Inc. increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 7.4% in the third quarter. Frisch Financial Group Inc. now owns 2,129 shares of the exchange traded fund’s stock valued at $1,216,000 after purchasing an additional 146 shares in the last quarter. Finally, Benchmark Financial Wealth Advisors LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.4% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 8,053 shares of the exchange traded fund’s stock valued at $4,588,000 after purchasing an additional 187 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $559.66 on Friday. The firm has a market cap of $23.57 billion, a P/E ratio of 19.87 and a beta of 1.13. The firm has a 50 day simple moving average of $580.73 and a 200 day simple moving average of $577.58. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $511.97 and a fifty-two week 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.