Mirae Asset Securities USA Inc. Boosts Position in SPDR S&P MidCap 400 ETF Trust $MDY

Mirae Asset Securities USA Inc. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 100.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 111,284 shares of the exchange traded fund’s stock after buying an additional 55,902 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up about 2.0% of Mirae Asset Securities USA Inc.’s portfolio, making the stock its 9th largest position. Mirae Asset Securities USA Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $66,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MDY. Brown Lisle Cummings Inc. raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 110.0% during the third quarter. Brown Lisle Cummings Inc. now owns 63 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 33 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth $40,000. ST Germain D J Co. Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter valued at $42,000. RMG Wealth Management LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter valued at $45,000. Finally, Tripletail Wealth Management LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at $49,000.

SPDR S&P MidCap 400 ETF Trust Stock Up 0.9%

NYSEARCA:MDY opened at $631.38 on Friday. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $458.82 and a 12-month high of $632.21. The stock’s fifty day simple moving average is $603.24 and its 200-day simple moving average is $593.15. The firm has a market capitalization of $25.36 billion, a P/E ratio of 18.98 and a beta of 1.06.

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.