Heritage Wealth Management Inc. Takes Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Heritage Wealth Management Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 434 shares of the exchange traded fund’s stock, valued at approximately $230,000.

Several other hedge funds have also recently made changes to their positions in MDY. Granite Bay Wealth Management LLC raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 6,346.6% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,113,449 shares of the exchange traded fund’s stock valued at $1,136,513,000 after buying an additional 2,080,665 shares in the last quarter. Pathstone Holdings LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $485,301,000. Scarborough Advisors LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 2,656.0% in the 4th quarter. Scarborough Advisors LLC now owns 303,791 shares of the exchange traded fund’s stock worth $154,137,000 after purchasing an additional 292,768 shares during the period. Strategic Financial Concepts LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 41,522.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 237,663 shares of the exchange traded fund’s stock worth $127,169,000 after purchasing an additional 237,092 shares during the period. Finally, Global Assets Advisory LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth about $122,938,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

SPDR S&P MidCap 400 ETF Trust stock opened at $565.47 on Thursday. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $424.22 and a 1-year high of $574.28. The firm has a market capitalization of $22.35 billion, a P/E ratio of 15.70 and a beta of 1.09. The company’s 50-day moving average is $553.78 and its 200 day moving average is $544.86.

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.