Sageworth Trust Co Raises Stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Sageworth Trust Co raised its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 112.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,347 shares of the exchange traded fund’s stock after purchasing an additional 10,765 shares during the quarter. SPDR S&P MidCap 400 ETF Trust comprises approximately 0.7% of Sageworth Trust Co’s portfolio, making the stock its 19th largest holding. Sageworth Trust Co’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $11,589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MDY. DiNuzzo Private Wealth Inc. acquired a new position in SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at about $28,000. West Financial Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at approximately $28,000. New Wave Wealth Advisors LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth approximately $36,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter worth $68,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

NYSEARCA:MDY opened at $585.37 on Friday. The firm has a market cap of $23.13 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. The firm’s fifty day moving average price is $587.76 and its 200 day moving average price is $574.41. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $501.24 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.