Coordinated Financial Services Inc. Makes New Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Coordinated Financial Services Inc. purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 560 shares of the exchange traded fund’s stock, valued at approximately $319,000.

A number of other hedge funds also recently bought and sold shares of the business. J.Safra Asset Management Corp purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $26,000. West Financial Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $28,000. New Wave Wealth Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $36,000. Finally, Synergy Investment Management LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $44,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

NYSEARCA MDY opened at $546.20 on Friday. The company has a market cap of $23.01 billion, a PE ratio of 19.87 and a beta of 1.13. The stock’s 50 day simple moving average is $577.92 and its 200-day simple moving average is $578.00. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $511.97 and a 1-year high of $624.13.

About SPDR S&P MidCap 400 ETF Trust

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.