TradeLink Capital LLC Makes New Investment in SPDR S&P MidCap 400 ETF Trust $MDY

TradeLink Capital LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the third quarter, HoldingsChannel reports. The institutional investor acquired 910 shares of the exchange traded fund’s stock, valued at approximately $542,000. SPDR S&P MidCap 400 ETF Trust makes up about 4.5% of TradeLink Capital LLC’s investment portfolio, making the stock its 9th largest position.

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

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY opened at $635.77 on Wednesday. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $458.82 and a 12-month high of $648.79. The stock has a market capitalization of $24.93 billion, a PE ratio of 18.98 and a beta of 1.06. The firm’s fifty day moving average price is $614.79 and its 200 day moving average price is $598.75.

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.