Pinney & Scofield Inc. Makes New Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Pinney & Scofield Inc. acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 134 shares of the exchange traded fund’s stock, valued at approximately $76,000.

Several other hedge funds also recently added to or reduced their stakes in MDY. Raymond James Financial Inc. acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $328,419,000. Proficio Capital Partners LLC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 8,245.4% during the 4th quarter. Proficio Capital Partners LLC now owns 580,841 shares of the exchange traded fund’s stock worth $330,835,000 after acquiring an additional 573,881 shares in the last quarter. Moore Capital Management LP acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at about $300,169,000. Strategic Financial Concepts LLC boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 89,108.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 377,352 shares of the exchange traded fund’s stock valued at $214,932,000 after buying an additional 376,929 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 246.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 378,239 shares of the exchange traded fund’s stock valued at $215,390,000 after buying an additional 269,180 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Performance

NYSEARCA MDY opened at $544.66 on Friday. SPDR S&P MidCap 400 ETF Trust has a one year low of $458.82 and a one year high of $624.13. The company has a 50-day simple moving average of $525.69 and a 200-day simple moving average of $562.85. The firm has a market capitalization of $22.18 billion, a PE ratio of 17.70 and a beta of 1.07.

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.