Beirne Wealth Consulting Services LLC raised its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 22.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 980 shares of the exchange traded fund’s stock after acquiring an additional 178 shares during the period. Beirne Wealth Consulting Services LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $558,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hancock Prospecting Pty Ltd purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth $1,533,856,000. Kingstone Capital Partners Texas LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the second quarter valued at $1,584,523,000. Northwestern Mutual Wealth Management Co. increased its position in SPDR S&P MidCap 400 ETF Trust by 3.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 576,635 shares of the exchange traded fund’s stock valued at $307,624,000 after acquiring an additional 20,483 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SPDR S&P MidCap 400 ETF Trust by 7.0% in the first quarter. JPMorgan Chase & Co. now owns 429,365 shares of the exchange traded fund’s stock worth $229,058,000 after purchasing an additional 28,167 shares during the last quarter. Finally, Waddell & Associates LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 0.9% during the 1st quarter. Waddell & Associates LLC now owns 141,588 shares of the exchange traded fund’s stock valued at $75,535,000 after purchasing an additional 1,325 shares during the period.
SPDR S&P MidCap 400 ETF Trust Stock Down 0.9%
Shares of NYSEARCA:MDY opened at $599.47 on Wednesday. The stock has a market capitalization of $23.52 billion, a PE ratio of 18.98 and a beta of 1.06. The firm’s 50 day moving average price is $596.08 and its 200-day moving average price is $570.00. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $458.82 and a twelve 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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