E&G Advisors LP Acquires New Shares in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

E&G Advisors LP bought a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,237 shares of the exchange traded fund’s stock, valued at approximately $705,000.

Several other large investors also recently bought and sold shares of MDY. DiNuzzo Private Wealth Inc. acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth $28,000. West Financial Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at about $28,000. New Wave Wealth Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $32,000. Brooklyn Investment Group acquired a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth about $36,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at about $68,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY stock opened at $584.08 on Tuesday. The company’s 50 day simple moving average is $589.96 and its 200-day simple moving average is $573.68. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $495.53 and a 12 month high of $624.13. The firm has a market capitalization of $23.08 billion, a PE ratio of 15.70 and a beta of 1.09.

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.