Davies Financial Advisors Inc. Acquires Shares of 1,618 SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Davies Financial Advisors Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,618 shares of the exchange traded fund’s stock, valued at approximately $866,000.

Other large investors have also recently added to or reduced their stakes in the company. Savant Capital LLC increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 60.6% during the 4th quarter. Savant Capital LLC now owns 16,235 shares of the exchange traded fund’s stock worth $8,237,000 after purchasing an additional 6,124 shares during the last quarter. Greystone Financial Group LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $273,000. Wells Fargo & Company MN grew its stake in SPDR S&P MidCap 400 ETF Trust by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,476,549 shares of the exchange traded fund’s stock valued at $749,171,000 after buying an additional 22,417 shares during the last quarter. Legacy Advisors LLC grew its stake in SPDR S&P MidCap 400 ETF Trust by 3.1% in the 4th quarter. Legacy Advisors LLC now owns 17,447 shares of the exchange traded fund’s stock valued at $8,852,000 after buying an additional 517 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its stake in SPDR S&P MidCap 400 ETF Trust by 96.9% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,398 shares of the exchange traded fund’s stock valued at $2,231,000 after buying an additional 2,164 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

NYSEARCA:MDY traded up $4.11 during midday trading on Friday, reaching $565.30. The stock had a trading volume of 636,771 shares, compared to its average volume of 858,290. The stock has a market capitalization of $22.34 billion, a P/E ratio of 15.70 and a beta of 1.09. The firm’s fifty day simple moving average is $545.95 and its 200-day simple moving average is $539.46. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $424.22 and a 1-year high of $574.11.

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.