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

Meridian Investment Counsel Inc. raised its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 70.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor 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 accounts for about 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $328,419,000. Proficio Capital Partners LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 8,245.4% during the fourth quarter. Proficio Capital Partners LLC now owns 580,841 shares of the exchange traded fund’s stock worth $330,835,000 after purchasing an additional 573,881 shares during the last quarter. Strategic Financial Concepts LLC grew its position in SPDR S&P MidCap 400 ETF Trust by 89,108.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 377,352 shares of the exchange traded fund’s stock valued at $214,932,000 after acquiring an additional 376,929 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of 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 valued at $151,355,000 after purchasing an additional 248,146 shares during the last quarter. Finally, Arvest Bank Trust Division acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter worth $137,029,000.

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

SPDR S&P MidCap 400 ETF Trust stock opened at $532.23 on Monday. The stock has a 50-day moving average price of $567.18 and a two-hundred day moving average price of $576.63. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $511.97 and a 12 month high of $624.13. 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 Company 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.