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

Successful Portfolios LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 424 shares of the exchange traded fund’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its stake in SPDR S&P MidCap 400 ETF Trust by 242.1% in the 2nd quarter. SRS Capital Advisors Inc. now owns 65 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 46 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust during the third quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 462.5% in the third quarter. Newbridge Financial Services Group Inc. now owns 90 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 74 shares during the period. Bruce G. Allen Investments LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth approximately $44,000. Finally, FinTrust Capital Advisors LLC bought a new position in SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth $46,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of NYSEARCA MDY traded up $1.99 during mid-day trading on Thursday, hitting $556.40. 1,139,405 shares of the stock traded hands, compared to its average volume of 944,470. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $424.22 and a twelve month high of $558.34. The company has a market cap of $22.39 billion, a PE ratio of 11.00 and a beta of 1.12. The firm has a 50 day simple moving average of $520.51 and a two-hundred day simple moving average of $487.19.

SPDR S&P MidCap 400 ETF Trust Company 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.