Cornerstone Wealth Group LLC Raises Stock Position in SPDR S&P MidCap 400 ETF Trust $MDY

Cornerstone Wealth Group LLC lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 23.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 554 shares of the exchange traded fund’s stock after acquiring an additional 106 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $314,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hancock Prospecting Pty Ltd purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter valued at $1,533,856,000. Kingstone Capital Partners Texas LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth $1,584,523,000. Northwestern Mutual Wealth Management Co. raised its position in SPDR S&P MidCap 400 ETF Trust by 3.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 576,635 shares of the exchange traded fund’s stock worth $307,624,000 after buying an additional 20,483 shares during the last quarter. JPMorgan Chase & Co. raised its position in SPDR S&P MidCap 400 ETF Trust by 7.0% during the 1st quarter. JPMorgan Chase & Co. now owns 429,365 shares of the exchange traded fund’s stock worth $229,058,000 after buying an additional 28,167 shares during the last quarter. Finally, Waddell & Associates LLC raised its position in 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 worth $75,535,000 after buying an additional 1,325 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $594.38 on Wednesday. The company has a market cap of $23.26 billion, a P/E ratio of 18.98 and a beta of 1.12. SPDR S&P MidCap 400 ETF Trust has a one year low of $458.82 and a one year high of $624.13. The firm has a fifty day moving average of $592.51 and a two-hundred day moving average of $563.08.

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.