Merit Financial Group LLC Purchases 198 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Merit Financial Group LLC lifted its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,916 shares of the exchange traded fund’s stock after acquiring an additional 198 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,800,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter worth $258,000. Hsbc Holdings PLC increased its position in SPDR S&P MidCap 400 ETF Trust by 83.4% in the 2nd quarter. Hsbc Holdings PLC now owns 14,459 shares of the exchange traded fund’s stock valued at $7,737,000 after acquiring an additional 6,574 shares in the last quarter. XTX Topco Ltd bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter worth about $306,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 153.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,524 shares of the exchange traded fund’s stock worth $1,351,000 after purchasing an additional 1,527 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 908.3% during the second quarter. AE Wealth Management LLC now owns 13,128 shares of the exchange traded fund’s stock valued at $7,025,000 after purchasing an additional 11,826 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY stock opened at $591.11 on Monday. The company has a 50 day moving average price of $590.29 and a 200 day moving average price of $569.84. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $490.24 and a fifty-two week high of $624.13. The stock has a market capitalization of $23.36 billion, a PE ratio of 15.70 and a beta of 1.09.

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.