Financial Solutions Advisory Group Inc. Takes Position in SPDR S&P MidCap 400 ETF Trust $MDY

Financial Solutions Advisory Group Inc. purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,657 shares of the exchange traded fund’s stock, valued at approximately $1,019,000.

Several other large investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 177.8% during the fourth quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. High Point Wealth Management LLC bought a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth about $34,000. Ascentis Independent Advisors purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter worth about $41,000. EFG International AG purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of 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 purchasing an additional 51 shares during the period.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.1%

Shares of MDY stock opened at $686.32 on Friday. The stock has a market capitalization of $26.38 billion, a P/E ratio of 18.98 and a beta of 1.00. The firm’s 50 day moving average is $688.02 and its 200 day moving average is $659.05. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $559.89 and a 12 month high of $704.45.

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