Union Savings Bank Acquires New Stake in SPDR S&P MidCap 400 ETF Trust $MDY

Union Savings Bank acquired a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,575 shares of the exchange traded fund’s stock, valued at approximately $3,966,000. SPDR S&P MidCap 400 ETF Trust makes up about 1.7% of Union Savings Bank’s investment portfolio, making the stock its 11th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its position in SPDR S&P MidCap 400 ETF Trust by 235.6% during the fourth quarter. Hsbc Holdings PLC now owns 8,685 shares of the exchange traded fund’s stock worth $5,245,000 after acquiring an additional 6,097 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $886,000. Bayban acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at about $205,000. Pure Financial Advisors LLC raised its holdings in SPDR S&P MidCap 400 ETF Trust by 170.5% in the 4th quarter. Pure Financial Advisors LLC now owns 1,512 shares of the exchange traded fund’s stock valued at $912,000 after acquiring an additional 953 shares during the last quarter. Finally, CFO Capital Management LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at about $562,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

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

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