Oppenheimer Asset Management Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 10,480 shares of the exchange traded fund’s stock, valued at approximately $5,969,000.
Other institutional investors also recently modified their holdings of the company. West Financial Advisors LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th 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 approximately $32,000. Brooklyn Investment Group purchased a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $36,000. Peterson Financial Group Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust during the third quarter valued at approximately $68,000. Finally, Rothschild Investment LLC grew its stake in SPDR S&P MidCap 400 ETF Trust by 20.0% during the fourth quarter. Rothschild Investment LLC now owns 120 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 20 shares in the last quarter.
SPDR S&P MidCap 400 ETF Trust Trading Up 1.1 %
Shares of NYSEARCA:MDY opened at $565.80 on Friday. The company has a 50 day moving average of $580.64 and a 200 day moving average of $577.81. The stock has a market cap of $23.83 billion, a P/E ratio of 19.87 and a beta of 1.13. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $511.97 and a 12 month high of $624.13.
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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