Confluence Wealth Services Inc. Makes New $277,000 Investment in SPDR S&P MidCap 400 ETF Trust $MDY

Confluence Wealth Services Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 489 shares of the exchange traded fund’s stock, valued at approximately $277,000.

A number of other hedge funds have also recently made changes to their positions in the business. Hancock Prospecting Pty Ltd purchased a new position in SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth approximately $1,533,856,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter worth $1,584,523,000. Starr Indemnity & Liability Co bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter worth $35,957,000. SCS Capital Management LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter worth $32,862,000. Finally, Choreo LLC grew its stake in SPDR S&P MidCap 400 ETF Trust by 575.6% during the first quarter. Choreo LLC now owns 54,338 shares of the exchange traded fund’s stock valued at $28,988,000 after acquiring an additional 46,295 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of NYSEARCA MDY opened at $601.57 on Tuesday. The company has a market cap of $23.76 billion, a P/E ratio of 18.98 and a beta of 1.12. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $458.82 and a 52-week high of $624.13. The firm’s fifty day moving average is $590.66 and its two-hundred day moving average is $561.21.

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.