Torrey Payne Wealth Management LLC Invests $10.05 Million in SPDR S&P MidCap 400 ETF Trust $MDY

Torrey Payne Wealth Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,800 shares of the exchange traded fund’s stock, valued at approximately $10,046,000. SPDR S&P MidCap 400 ETF Trust makes up approximately 9.0% of Torrey Payne Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position.

Several other institutional investors also recently modified their holdings of the business. Sound Income Strategies LLC increased its holdings in SPDR S&P MidCap 400 ETF Trust by 177.8% in the 4th quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 32 shares in the last quarter. High Point Wealth Management LLC bought a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $34,000. EFG International AG bought a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in SPDR S&P MidCap 400 ETF Trust by 255.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 71 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 51 shares during the period. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $48,000.

SPDR S&P MidCap 400 ETF Trust Stock Up 0.7%

Shares of NYSEARCA MDY opened at $691.00 on Friday. The firm’s 50-day moving average price is $670.06 and its 200-day moving average price is $642.22. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $547.05 and a 52-week high of $704.12. The company has a market cap of $27.15 billion, a PE ratio of 18.98 and a beta of 1.01.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.