New Century Financial Group LLC Invests $3.67 Million in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

New Century Financial Group LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 4th quarter, Holdings Channel reports. The firm acquired 6,384 shares of the exchange traded fund’s stock, valued at approximately $3,672,000. SPDR S&P MidCap 400 ETF Trust comprises 1.6% of New Century Financial Group LLC’s investment portfolio, making the stock its 10th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 62,301.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,172,826 shares of the exchange traded fund’s stock valued at $1,237,772,000 after purchasing an additional 2,169,344 shares during the period. US Bancorp DE increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 1.1% during the 3rd quarter. US Bancorp DE now owns 1,063,964 shares of the exchange traded fund’s stock worth $606,098,000 after purchasing an additional 11,719 shares during the period. PNC Financial Services Group Inc. raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 768,842 shares of the exchange traded fund’s stock valued at $437,979,000 after buying an additional 5,825 shares during the last quarter. Raymond James & Associates lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 0.5% in the third quarter. Raymond James & Associates now owns 369,044 shares of the exchange traded fund’s stock valued at $210,230,000 after buying an additional 1,811 shares during the period. Finally, JPMorgan Chase & Co. grew its position in SPDR S&P MidCap 400 ETF Trust by 5.9% during the third quarter. JPMorgan Chase & Co. now owns 340,136 shares of the exchange traded fund’s stock worth $193,762,000 after buying an additional 19,030 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Down 0.0 %

Shares of MDY opened at $598.53 on Friday. The stock’s 50-day moving average price is $589.97 and its 200 day moving average price is $571.21. The firm has a market capitalization of $23.65 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $495.53 and a 12-month 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.