Guild Investment Management Inc. Invests $200,000 in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Guild Investment Management Inc. bought a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the fourth quarter, Holdings Channel.com reports. The firm bought 350 shares of the exchange traded fund’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. J.Safra Asset Management Corp bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth about $26,000. West Financial Advisors LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth about $28,000. New Wave Wealth Advisors LLC bought a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at approximately $32,000. Brooklyn Investment Group bought a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at approximately $36,000. Finally, Synergy Investment Management LLC bought a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at approximately $44,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of NYSEARCA MDY opened at $531.63 on Wednesday. The company has a 50 day simple moving average of $576.48 and a 200 day simple moving average of $577.77. The firm has a market cap of $22.00 billion, a PE ratio of 18.55 and a beta of 1.14. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $511.97 and a 1 year high of $624.13.

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.