Nwam LLC Makes New Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Nwam LLC bought a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the third quarter, Holdings Channel reports. The institutional investor bought 2,243 shares of the exchange traded fund’s stock, valued at approximately $1,278,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MDY. Ridgewood Investments LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth $25,000. Addison Advisors LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth about $27,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth about $28,000. Chris Bulman Inc acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth about $38,000.

SPDR S&P MidCap 400 ETF Trust Trading Up 1.7 %

Shares of NYSEARCA:MDY opened at $610.71 on Friday. The business has a 50-day moving average price of $577.41 and a 200 day moving average price of $556.20. The company has a market capitalization of $24.14 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $463.89 and a 12-month high of $611.14.

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.