Oppenheimer Asset Management Inc. Invests $5.97 Million in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Oppenheimer Asset Management Inc. bought a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,480 shares of the exchange traded fund’s stock, valued at approximately $5,969,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDY. PNC Financial Services Group Inc. raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 0.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 768,842 shares of the exchange traded fund’s stock worth $437,979,000 after purchasing an additional 5,825 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 89,108.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 377,352 shares of the exchange traded fund’s stock worth $214,932,000 after purchasing an additional 376,929 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 5.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,136 shares of the exchange traded fund’s stock worth $193,762,000 after purchasing an additional 19,030 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 1,411.1% during the 4th quarter. SG Americas Securities LLC now owns 265,731 shares of the exchange traded fund’s stock worth $151,355,000 after purchasing an additional 248,146 shares during the last quarter. Finally, Conservest Capital Advisors Inc. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 3.7% during the 3rd quarter. Conservest Capital Advisors Inc. now owns 240,646 shares of the exchange traded fund’s stock worth $133,897,000 after purchasing an additional 8,683 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Up 1.1 %

Shares of MDY stock opened at $565.80 on Friday. The company has a 50 day moving average of $580.64 and a 200-day moving average of $577.81. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $511.97 and a 12-month high of $624.13. The firm has a market cap of $23.83 billion, a P/E ratio of 19.87 and a beta of 1.13.

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.