Paulson Wealth Management Inc. increased its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 17.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 16,291 shares of the exchange traded fund’s stock after purchasing an additional 2,404 shares during the period. SPDR S&P MidCap 400 ETF Trust comprises about 2.2% of Paulson Wealth Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Paulson Wealth Management Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $10,698,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Signature Equity Partners LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 80.0% in the third quarter. Signature Equity Partners LLC now owns 45 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. Rogco LP acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at about $39,000. N.E.W. Advisory Services LLC lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 111.1% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 57 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 30 shares during the period. Ascentis Independent Advisors acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the first quarter worth $41,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter valued at about $43,000.
SPDR S&P MidCap 400 ETF Trust Price Performance
SPDR S&P MidCap 400 ETF Trust stock opened at $653.68 on Friday. The firm has a market capitalization of $25.31 billion, a P/E ratio of 19.78 and a beta of 1.02. The stock has a fifty day moving average price of $671.06 and a two-hundred day moving average price of $666.61. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $568.21 and a 52-week high of $717.35.
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.
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