PKS Advisory Services LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,863 shares of the exchange traded fund’s stock, valued at approximately $2,770,000. SPDR S&P MidCap 400 ETF Trust comprises about 0.7% of PKS Advisory Services LLC’s portfolio, making the stock its 27th biggest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in MDY. J.Safra Asset Management Corp purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $26,000. West Financial Advisors LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $28,000. New Wave Wealth Advisors LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group purchased a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth approximately $36,000. Finally, CoreFirst Bank & Trust acquired a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth $40,000.
SPDR S&P MidCap 400 ETF Trust Stock Up 2.5 %
Shares of MDY opened at $551.07 on Tuesday. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $511.97 and a 52-week high of $624.13. The stock has a fifty day simple moving average of $570.59 and a two-hundred day simple moving average of $576.55. The company has a market capitalization of $22.81 billion, a PE ratio of 18.55 and a beta of 1.14.
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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