Meridian Investment Counsel Inc. increased its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 44.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,890 shares of the exchange traded fund’s stock after buying an additional 1,497 shares during the period. Meridian Investment Counsel Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,786,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Ridgewood Investments LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust during the second quarter valued at approximately $25,000. Addison Advisors LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter valued at $27,000. DiNuzzo Private Wealth Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at $28,000. Chris Bulman Inc purchased a new position in SPDR S&P MidCap 400 ETF Trust in the second quarter valued at about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter worth about $38,000.
SPDR S&P MidCap 400 ETF Trust Price Performance
Shares of NYSEARCA MDY opened at $586.13 on Friday. The company has a market capitalization of $23.16 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $458.42 and a 1-year high of $609.69. The business has a 50-day moving average of $572.29 and a 200-day moving average of $553.96.
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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