Valmark Advisers Inc. Grows Stock Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Valmark Advisers Inc. grew its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,791 shares of the exchange traded fund’s stock after acquiring an additional 139 shares during the quarter. Valmark Advisers Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $909,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. West Branch Capital LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 111.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 57 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at approximately $32,000. Bruce G. Allen Investments LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $44,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at approximately $46,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of NYSEARCA:MDY traded up $1.52 during midday trading on Friday, hitting $529.38. The company had a trading volume of 549,453 shares, compared to its average volume of 947,954. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $424.22 and a twelve month high of $558.34. The stock has a market cap of $21.54 billion, a price-to-earnings ratio of 15.15 and a beta of 1.09. The business’s 50-day simple moving average is $534.69 and its 200-day simple moving average is $499.57.

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.