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

Mirae Asset Securities USA Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 55,382 shares of the exchange traded fund’s stock, valued at approximately $31,373,000. SPDR S&P MidCap 400 ETF Trust makes up 1.0% of Mirae Asset Securities USA Inc.’s portfolio, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Milestone Asset Management LLC increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 5.0% during the second quarter. Milestone Asset Management LLC now owns 717 shares of the exchange traded fund’s stock valued at $406,000 after buying an additional 34 shares during the period. Optivise Advisory Services LLC increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 26.8% during the second quarter. Optivise Advisory Services LLC now owns 785 shares of the exchange traded fund’s stock valued at $445,000 after buying an additional 166 shares during the period. Obermeyer Wealth Partners increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 75.0% during the second quarter. Obermeyer Wealth Partners now owns 1,969 shares of the exchange traded fund’s stock valued at $1,115,000 after buying an additional 844 shares during the period. Bridgewater Advisors Inc. increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 12.3% during the second quarter. Bridgewater Advisors Inc. now owns 1,435 shares of the exchange traded fund’s stock valued at $840,000 after buying an additional 157 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 172,008 shares of the exchange traded fund’s stock worth $97,439,000 after purchasing an additional 2,531 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.0%

MDY stock opened at $592.70 on Tuesday. The company’s 50 day moving average is $596.58 and its 200 day moving average is $573.08. The stock has a market cap of $23.36 billion, a price-to-earnings ratio of 18.98 and a beta of 1.06. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $458.82 and a 1-year 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.