8,826 Shares in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Bought by Newport Capital Group LLC

Newport Capital Group LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,826 shares of the exchange traded fund’s stock, valued at approximately $4,723,000. SPDR S&P MidCap 400 ETF Trust accounts for approximately 3.7% of Newport Capital Group LLC’s holdings, making the stock its 8th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDY. CMG Global Holdings LLC lifted its position in SPDR S&P MidCap 400 ETF Trust by 2.6% during the second quarter. CMG Global Holdings LLC now owns 8,299 shares of the exchange traded fund’s stock valued at $4,441,000 after purchasing an additional 208 shares during the last quarter. Granite FO LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter valued at $7,834,000. NewEdge Advisors LLC lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 25.2% during the 2nd quarter. NewEdge Advisors LLC now owns 6,523 shares of the exchange traded fund’s stock worth $3,490,000 after acquiring an additional 1,312 shares during the last quarter. Beaird Harris Wealth Management LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust in the second quarter worth $67,000. Finally, Scientech Research LLC bought a new position in SPDR S&P MidCap 400 ETF Trust in the second quarter valued at $716,000.

SPDR S&P MidCap 400 ETF Trust Stock Up 0.1 %

Shares of MDY stock opened at $569.18 on Monday. The firm has a market cap of $22.49 billion, a P/E ratio of 15.70 and a beta of 1.09. The business has a 50-day moving average price of $553.04 and a two-hundred day moving average price of $544.25. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $424.22 and a 12-month high of $574.28.

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.