Gunpowder Capital Management LLC dba Oliver Wealth Management Acquires Shares of 1,469 SPDR S&P MidCap 400 ETF Trust $MDY

Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,469 shares of the exchange traded fund’s stock, valued at approximately $886,000. SPDR S&P MidCap 400 ETF Trust comprises about 0.7% of Gunpowder Capital Management LLC dba Oliver Wealth Management’s investment portfolio, making the stock its 26th largest position.

A number of other institutional investors have also recently made changes to their positions in the company. Moors & Cabot Inc. lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 1.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,542 shares of the exchange traded fund’s stock worth $930,000 after buying an additional 16 shares in the last quarter. Colonial Trust Co SC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 2.4% during the 4th quarter. Colonial Trust Co SC now owns 689 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 16 shares in the last quarter. Lewis Asset Management LLC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 0.5% during the 4th quarter. Lewis Asset Management LLC now owns 3,681 shares of the exchange traded fund’s stock valued at $2,220,000 after buying an additional 18 shares in the last quarter. PFG Investments LLC increased its stake in SPDR S&P MidCap 400 ETF Trust by 2.5% in the 4th quarter. PFG Investments LLC now owns 741 shares of the exchange traded fund’s stock worth $447,000 after acquiring an additional 18 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in SPDR S&P MidCap 400 ETF Trust by 0.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,965 shares of the exchange traded fund’s stock worth $2,995,000 after acquiring an additional 18 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY opened at $691.00 on Friday. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 18.98 and a beta of 1.01. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $547.05 and a 1 year high of $704.12. The business’s 50 day simple moving average is $671.01 and its 200-day simple moving average is $642.56.

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.