Redhawk Wealth Advisors Inc. Makes New $11.08 Million Investment in SPDR S&P MidCap 400 ETF Trust $MDY

Redhawk Wealth Advisors Inc. bought a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,755 shares of the exchange traded fund’s stock, valued at approximately $11,081,000. SPDR S&P MidCap 400 ETF Trust makes up about 1.1% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 21st biggest position.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock worth $810,385,000 after purchasing an additional 87,207 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in SPDR S&P MidCap 400 ETF Trust by 5.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock valued at $500,741,000 after purchasing an additional 41,757 shares during the last quarter. Moore Capital Management LP grew its position in SPDR S&P MidCap 400 ETF Trust by 73.2% in the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock worth $358,993,000 after purchasing an additional 267,800 shares during the last quarter. Raymond James Financial Inc. grew its position in SPDR S&P MidCap 400 ETF Trust by 5.4% in the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock worth $336,626,000 after purchasing an additional 28,459 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 2.2% in the fourth quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock valued at $309,959,000 after purchasing an additional 11,060 shares during the period.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.3%

MDY opened at $706.98 on Tuesday. The business’s 50 day moving average is $690.99 and its 200-day moving average is $662.04. The stock has a market cap of $27.21 billion, a PE ratio of 18.98 and a beta of 1.01. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $567.90 and a twelve month high of $710.42.

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.