SPDR S&P MidCap 400 ETF Trust $MDY Position Raised by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A raised its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 18.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,414 shares of the exchange traded fund’s stock after buying an additional 218 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $801,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Forum Financial Management LP raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 36.2% during the second quarter. Forum Financial Management LP now owns 885 shares of the exchange traded fund’s stock valued at $502,000 after purchasing an additional 235 shares in the last quarter. BlueChip Wealth Advisors LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at about $204,000. Members Trust Co raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 6.6% during the second quarter. Members Trust Co now owns 1,030 shares of the exchange traded fund’s stock valued at $583,000 after purchasing an additional 64 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 13.8% during the second quarter. D.A. Davidson & CO. now owns 1,421 shares of the exchange traded fund’s stock valued at $805,000 after purchasing an additional 172 shares in the last quarter. Finally, Lionsbridge Wealth Management LLC raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 2.9% during the second quarter. Lionsbridge Wealth Management LLC now owns 3,588 shares of the exchange traded fund’s stock valued at $2,033,000 after purchasing an additional 101 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Down 1.1%

Shares of NYSEARCA MDY opened at $591.26 on Thursday. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $458.82 and a fifty-two week high of $624.13. The firm’s 50-day simple moving average is $594.51 and its 200 day simple moving average is $565.75. The stock has a market cap of $23.47 billion, a P/E ratio of 18.98 and a beta of 1.12.

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.