Garden State Investment Advisory Services LLC Has $1.56 Million Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Garden State Investment Advisory Services LLC lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 76.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,903 shares of the exchange traded fund’s stock after buying an additional 1,262 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,556,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MDY. Granite Bay Wealth Management LLC increased its position in SPDR S&P MidCap 400 ETF Trust by 6,346.6% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,113,449 shares of the exchange traded fund’s stock worth $1,136,513,000 after buying an additional 2,080,665 shares during the period. Pathstone Holdings LLC bought a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth about $485,301,000. Scarborough Advisors LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 2,656.0% in the 4th quarter. Scarborough Advisors LLC now owns 303,791 shares of the exchange traded fund’s stock worth $154,137,000 after purchasing an additional 292,768 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 41,522.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 237,663 shares of the exchange traded fund’s stock valued at $127,169,000 after purchasing an additional 237,092 shares during the period. Finally, Global Assets Advisory LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter valued at about $122,938,000.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.7 %

Shares of MDY opened at $566.52 on Friday. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $424.22 and a 12 month high of $574.11. The firm’s 50 day moving average is $552.03 and its 200-day moving average is $543.17. The stock has a market capitalization of $22.39 billion, a PE ratio of 15.70 and a beta of 1.09.

SPDR S&P MidCap 400 ETF Trust Company 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.