Choate Investment Advisors Has $1.42 Million Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Choate Investment Advisors increased its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 41.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,487 shares of the exchange traded fund’s stock after purchasing an additional 723 shares during the period. Choate Investment Advisors’ holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDY. PFG Investments LLC raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 17.3% in the 4th quarter. PFG Investments LLC now owns 767 shares of the exchange traded fund’s stock worth $437,000 after buying an additional 113 shares in the last quarter. Flagstar Advisors Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 2.7% during the third quarter. Flagstar Advisors Inc. now owns 5,700 shares of the exchange traded fund’s stock worth $3,256,000 after acquiring an additional 152 shares in the last quarter. Inspire Trust Co. N.A. lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 19.1% during 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 acquiring an additional 1,900 shares during the period. Frisch Financial Group Inc. boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 7.4% in the 3rd 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, Avior Wealth Management LLC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 24.3% in the 4th quarter. Avior Wealth Management LLC now owns 593 shares of the exchange traded fund’s stock worth $338,000 after purchasing an additional 116 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Up 2.4 %

Shares of MDY stock opened at $535.74 on Monday. The company has a market capitalization of $22.17 billion, a P/E ratio of 18.55 and a beta of 1.14. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $511.97 and a 12-month high of $624.13. The firm has a 50-day moving average price of $574.02 and a 200 day moving average price of $577.09.

SPDR S&P MidCap 400 ETF Trust 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.