Meridian Investment Counsel Inc. Purchases 3,455 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Meridian Investment Counsel Inc. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 70.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,345 shares of the exchange traded fund’s stock after purchasing an additional 3,455 shares during the quarter. SPDR S&P MidCap 400 ETF Trust comprises 1.4% of Meridian Investment Counsel Inc.’s holdings, making the stock its 12th biggest position. Meridian Investment Counsel Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $4,753,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 8,245.4% in the 4th quarter. Proficio Capital Partners LLC now owns 580,841 shares of the exchange traded fund’s stock valued at $330,835,000 after buying an additional 573,881 shares during the period. Raymond James Financial Inc. acquired a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth $328,419,000. JPMorgan Chase & Co. grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 18.0% during the fourth quarter. JPMorgan Chase & Co. now owns 401,198 shares of the exchange traded fund’s stock worth $228,514,000 after buying an additional 61,062 shares in the last quarter. Strategic Financial Concepts LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 89,108.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 377,352 shares of the exchange traded fund’s stock valued at $214,932,000 after buying an additional 376,929 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in SPDR S&P MidCap 400 ETF Trust by 1,411.1% during the 4th quarter. SG Americas Securities LLC now owns 265,731 shares of the exchange traded fund’s stock worth $151,355,000 after acquiring an additional 248,146 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Down 1.8 %

NYSEARCA MDY opened at $532.23 on Monday. The firm’s 50 day moving average is $567.18 and its 200-day moving average is $576.63. The company has a market capitalization of $21.83 billion, a PE ratio of 18.90 and a beta of 1.14. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $511.97 and a 12-month high of $624.13.

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.