Virtue Capital Management LLC Makes New Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Virtue Capital Management LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 384 shares of the exchange traded fund’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. &PARTNERS lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 14.3% in the second quarter. &PARTNERS now owns 1,134 shares of the exchange traded fund’s stock worth $607,000 after buying an additional 142 shares in the last quarter. Flagstar Advisors Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 2.7% in the third quarter. Flagstar Advisors Inc. now owns 5,700 shares of the exchange traded fund’s stock valued at $3,256,000 after purchasing an additional 152 shares in the last quarter. Brighton Jones LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 25.6% in the second quarter. Brighton Jones LLC now owns 2,047 shares of the exchange traded fund’s stock valued at $1,095,000 after purchasing an additional 417 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 5.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 146,894 shares of the exchange traded fund’s stock valued at $78,600,000 after purchasing an additional 8,182 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 0.9% in the second quarter. Private Advisor Group LLC now owns 13,007 shares of the exchange traded fund’s stock valued at $6,960,000 after purchasing an additional 114 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY opened at $602.33 on Friday. The firm’s 50 day simple moving average is $589.24 and its 200 day simple moving average is $562.05. The company has a market capitalization of $23.80 billion, a P/E ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $481.07 and a 1-year high of $624.13.

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.