McLaughlin Asset Management Inc. Invests $2.13 Million in SPDR S&P MidCap 400 ETF Trust $MDY

McLaughlin Asset Management Inc. bought a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,535 shares of the exchange traded fund’s stock, valued at approximately $2,133,000. SPDR S&P MidCap 400 ETF Trust accounts for 1.9% of McLaughlin Asset Management Inc.’s holdings, making the stock its 14th biggest holding.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC increased its position in SPDR S&P MidCap 400 ETF Trust by 177.8% during the fourth quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 32 shares during the last quarter. High Point Wealth Management LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $34,000. EFG International AG bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 255.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 71 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 51 shares during the period. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $48,000.

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

MDY opened at $691.00 on Friday. The stock’s fifty day simple moving average is $670.06 and its 200 day simple moving average is $642.22. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $547.05 and a 1-year high of $704.12. The stock has a market cap of $27.15 billion, a PE ratio of 18.98 and a beta of 1.01.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.