Brown Miller Wealth Management LLC Buys Shares of 422 SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Brown Miller Wealth Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the 4th quarter, Holdings Channel reports. The fund purchased 422 shares of the exchange traded fund’s stock, valued at approximately $214,000.

Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 97.9% during the 1st quarter. BlackRock Inc. now owns 67,337 shares of the exchange traded fund’s stock valued at $33,026,000 after acquiring an additional 33,318 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 6.9% in the 1st quarter. Moors & Cabot Inc. now owns 1,929 shares of the exchange traded fund’s stock worth $946,000 after buying an additional 124 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.8% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,167 shares of the exchange traded fund’s stock worth $572,000 after buying an additional 32 shares during the last quarter. First Western Trust Bank purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the first quarter valued at about $1,239,000. Finally, American International Group Inc. lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 31.4% during the first quarter. American International Group Inc. now owns 18,000 shares of the exchange traded fund’s stock valued at $8,828,000 after purchasing an additional 4,300 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

MDY stock traded up $1.58 on Thursday, reaching $555.99. The company’s stock had a trading volume of 1,146,048 shares, compared to its average volume of 945,267. The business has a fifty day simple moving average of $521.78 and a two-hundred day simple moving average of $487.66. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $424.22 and a 12-month high of $558.34. The firm has a market cap of $22.37 billion, a PE ratio of 11.00 and a beta of 1.12.

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.