Independent Financial Group LLC Makes New $1.66 Million Investment in SPDR S&P MidCap 400 ETF Trust $MDY

Independent Financial Group LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,697 shares of the exchange traded fund’s stock, valued at approximately $1,663,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in 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 valued at $810,385,000 after acquiring an additional 87,207 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 5.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock worth $500,741,000 after purchasing an additional 41,757 shares during the period. Moore Capital Management LP grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 73.2% during 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 period. Raymond James Financial Inc. increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 5.4% during the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock valued at $336,626,000 after purchasing an additional 28,459 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.2% during the 4th 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 in the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY opened at $688.75 on Monday. The firm has a fifty day moving average price of $683.37 and a 200 day moving average price of $654.34. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $559.89 and a 1 year high of $704.45. The stock has a market cap of $26.88 billion, a P/E ratio of 18.98 and a beta of 1.00.

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.