Hsbc Holdings PLC Buys 6,097 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

Hsbc Holdings PLC raised its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 235.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,685 shares of the exchange traded fund’s stock after buying an additional 6,097 shares during the period. Hsbc Holdings PLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $5,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 177.8% in the 4th quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 32 shares during the last quarter. High Point Wealth Management LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $34,000. EFG International AG purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $40,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 255.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 71 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 51 shares during the period. Finally, Acumen Wealth Advisors LLC bought a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $48,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of NYSEARCA:MDY opened at $695.29 on Friday. The stock’s 50-day simple moving average is $675.44 and its two-hundred day simple moving average is $645.66. The stock has a market capitalization of $27.32 billion, a price-to-earnings ratio of 18.98 and a beta of 1.01. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $559.89 and a 52-week high of $704.12.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.