Founders Grove Wealth Partners LLC Makes New $443,000 Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Founders Grove Wealth Partners LLC bought a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 778 shares of the exchange traded fund’s stock, valued at approximately $443,000.

A number of other large investors have also added to or reduced their stakes in MDY. DiNuzzo Private Wealth Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter worth about $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter worth about $64,000. Peterson Financial Group Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter worth about $68,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter worth about $67,000. Finally, ORG Partners LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 50.0% during the fourth quarter. ORG Partners LLC now owns 129 shares of the exchange traded fund’s stock worth $74,000 after acquiring an additional 43 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of MDY stock opened at $576.69 on Wednesday. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $487.66 and a fifty-two week high of $624.13. The firm has a market capitalization of $22.79 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. The stock’s 50-day simple moving average is $591.05 and its 200-day simple moving average is $568.90.

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.