Tower View Wealth Management LLC Buys 861 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Tower View Wealth Management LLC increased its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 18.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,518 shares of the exchange traded fund’s stock after buying an additional 861 shares during the quarter. Tower View Wealth Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $3,143,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MDY. West Financial Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $28,000. New Wave Wealth Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $32,000. Brooklyn Investment Group acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $36,000. Peterson Financial Group Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 3rd quarter valued at $68,000. Finally, Newton One Investments LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $69,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY stock opened at $565.80 on Friday. The business has a fifty day moving average price of $580.64 and a 200 day moving average price of $578.07. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $511.97 and a fifty-two week high of $624.13. The stock has a market capitalization of $23.83 billion, a price-to-earnings ratio of 19.87 and a beta of 1.13.

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.