Redwood Park Advisors LLC Acquires Shares of 880 SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Redwood Park Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 880 shares of the exchange traded fund’s stock, valued at approximately $501,000. SPDR S&P MidCap 400 ETF Trust makes up about 0.3% of Redwood Park Advisors LLC’s investment portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDY. Raymond James Financial Inc. acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth about $328,419,000. Proficio Capital Partners LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 8,245.4% in the 4th quarter. Proficio Capital Partners LLC now owns 580,841 shares of the exchange traded fund’s stock valued at $330,835,000 after purchasing an additional 573,881 shares during the period. Strategic Financial Concepts LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 89,108.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 377,352 shares of the exchange traded fund’s stock valued at $214,932,000 after purchasing an additional 376,929 shares during the period. SG Americas Securities LLC lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 1,411.1% during the 4th quarter. SG Americas Securities LLC now owns 265,731 shares of the exchange traded fund’s stock worth $151,355,000 after acquiring an additional 248,146 shares during the period. Finally, Arvest Bank Trust Division bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth approximately $137,029,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY stock opened at $512.02 on Thursday. The company has a 50 day simple moving average of $549.16 and a 200 day simple moving average of $572.46. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of 18.90 and a beta of 1.14. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $458.82 and a 1 year 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.