Financial Life Planners Makes New Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Financial Life Planners acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,337 shares of the exchange traded fund’s stock, valued at approximately $3,044,000. SPDR S&P MidCap 400 ETF Trust comprises about 2.6% of Financial Life Planners’ portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jennison Associates LLC raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 34.8% during the fourth quarter. Jennison Associates LLC now owns 2,309 shares of the exchange traded fund’s stock worth $1,315,000 after purchasing an additional 596 shares during the period. MilWealth Group LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth about $75,000. SkyOak Wealth LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at about $342,000. River Street Advisors LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 3.9% during the fourth quarter. River Street Advisors LLC now owns 818 shares of the exchange traded fund’s stock valued at $466,000 after buying an additional 31 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 6.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 6,689 shares of the exchange traded fund’s stock worth $3,810,000 after buying an additional 432 shares during the period.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY stock opened at $590.68 on Monday. The firm has a market capitalization of $23.34 billion, a P/E ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $495.53 and a 52-week high of $624.13. The company’s 50 day simple moving average is $589.96 and its 200-day simple moving average is $573.68.

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.