Schrum Private Wealth Management LLC Takes Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Schrum Private Wealth Management LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,298 shares of the exchange traded fund’s stock, valued at approximately $740,000.

Other hedge funds have also added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $6,906,000. Opulen Financial Group LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth $631,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth approximately $308,000. Raymond James Financial Inc. purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $328,419,000. Finally, Granite FO LLC lifted its position in SPDR S&P MidCap 400 ETF Trust by 1.6% in the 4th quarter. Granite FO LLC now owns 14,986 shares of the exchange traded fund’s stock worth $8,536,000 after buying an additional 230 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Up 1.2 %

Shares of MDY opened at $551.08 on Thursday. The stock has a market capitalization of $23.21 billion, a P/E ratio of 19.87 and a beta of 1.13. The firm has a fifty day simple moving average of $579.15 and a two-hundred day simple moving average of $578.13. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $511.97 and a twelve month high of $624.13.

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.