Synergy Investment Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 77 shares of the exchange traded fund’s stock, valued at approximately $44,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Financial Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $28,000. New Wave Wealth Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $32,000. Brooklyn Investment Group purchased a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $36,000. Peterson Financial Group Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust during the third quarter valued at $68,000. Finally, Newton One Investments LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $69,000.
SPDR S&P MidCap 400 ETF Trust Stock Up 1.2 %
MDY opened at $551.08 on Thursday. The company has a market cap of $23.21 billion, a price-to-earnings ratio of 19.87 and a beta of 1.13. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $511.97 and a 52-week high of $624.13. The firm’s fifty day simple moving average is $579.15 and its two-hundred day simple moving average is $578.13.
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.
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