Sage Financial Management Group Inc. Acquires 486 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Sage Financial Management Group Inc. grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,950 shares of the exchange traded fund’s stock after purchasing an additional 486 shares during the quarter. SPDR S&P MidCap 400 ETF Trust comprises about 1.1% of Sage Financial Management Group Inc.’s investment portfolio, making the stock its 20th biggest position. Sage Financial Management Group Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,820,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. raised its holdings in SPDR S&P MidCap 400 ETF Trust by 4.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 21,291 shares of the exchange traded fund’s stock worth $11,846,000 after acquiring an additional 921 shares during the period. First Foundation Advisors increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 28.5% during the 1st quarter. First Foundation Advisors now owns 699 shares of the exchange traded fund’s stock worth $389,000 after purchasing an additional 155 shares during the period. WealthPLAN Partners LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 14.5% during the 1st quarter. WealthPLAN Partners LLC now owns 1,339 shares of the exchange traded fund’s stock worth $745,000 after purchasing an additional 170 shares during the period. &PARTNERS increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 14.3% during the 2nd quarter. &PARTNERS now owns 1,134 shares of the exchange traded fund’s stock worth $607,000 after purchasing an additional 142 shares during the period. Finally, Brighton Jones LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 25.6% during the 2nd quarter. Brighton Jones LLC now owns 2,047 shares of the exchange traded fund’s stock worth $1,095,000 after purchasing an additional 417 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Performance

NYSEARCA:MDY opened at $583.93 on Friday. The firm’s 50-day moving average is $560.54 and its 200-day moving average is $547.08. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $424.22 and a 52-week high of $585.50. The company has a market cap of $23.08 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09.

SPDR S&P MidCap 400 ETF Trust Company 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.