Meridian Wealth Advisors LLC Raises Stock Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Meridian Wealth Advisors LLC lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,741 shares of the exchange traded fund’s stock after acquiring an additional 72 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up approximately 1.2% of Meridian Wealth Advisors LLC’s holdings, making the stock its 20th biggest holding. Meridian Wealth Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $7,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MDY. Jennison Associates LLC increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 40.1% during the third quarter. Jennison Associates LLC now owns 1,713 shares of the exchange traded fund’s stock worth $976,000 after acquiring an additional 490 shares during the period. Citigroup Inc. boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 282.8% during the third quarter. Citigroup Inc. now owns 30,993 shares of the exchange traded fund’s stock valued at $17,655,000 after purchasing an additional 22,897 shares in the last quarter. Nwam LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter valued at approximately $1,278,000. Financial Council LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter valued at approximately $269,000. Finally, Camden National Bank boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 44.3% during the third quarter. Camden National Bank now owns 603 shares of the exchange traded fund’s stock valued at $344,000 after purchasing an additional 185 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

NYSEARCA MDY opened at $537.89 on Friday. The firm’s 50 day moving average price is $570.98 and its 200-day moving average price is $576.32. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $511.97 and a 52-week high of $624.13. The company has a market cap of $22.26 billion, a PE ratio of 18.55 and a beta of 1.14.

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.