Brightwater Advisory LLC Takes Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Brightwater Advisory LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 785 shares of the exchange traded fund’s stock, valued at approximately $420,000.

Other large investors also recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new position in SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth $25,000. Ruedi Wealth Management Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter valued at about $26,000. Addison Advisors LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter worth about $27,000. Chris Bulman Inc acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter valued at approximately $38,000.

SPDR S&P MidCap 400 ETF Trust Stock Down 0.8 %

MDY opened at $564.99 on Wednesday. The stock’s 50 day moving average price is $553.42 and its two-hundred day moving average price is $544.71. The firm has a market capitalization of $22.33 billion, a P/E ratio of 15.70 and a beta of 1.09. 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.