2,016 Shares in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Acquired by Independent Advisor Alliance

Independent Advisor Alliance bought a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,016 shares of the exchange traded fund’s stock, valued at approximately $1,148,000.

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

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY opened at $535.74 on Friday. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $511.97 and a fifty-two week high of $624.13. The company’s 50 day moving average price is $574.02 and its two-hundred day moving average price is $576.97. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 18.55 and a beta of 1.14.

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.