ORBA Wealth Advisors L.L.C. Has $1.47 Million Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

ORBA Wealth Advisors L.L.C. cut its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 3.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,578 shares of the exchange traded fund’s stock after selling 80 shares during the quarter. ORBA Wealth Advisors L.L.C.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,469,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Buckingham Strategic Wealth LLC increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 0.8% in the fourth quarter. Buckingham Strategic Wealth LLC now owns 35,248 shares of the exchange traded fund’s stock valued at $17,884,000 after buying an additional 296 shares during the period. Buckingham Strategic Partners LLC increased its position in SPDR S&P MidCap 400 ETF Trust by 13.1% during the 4th quarter. Buckingham Strategic Partners LLC now owns 4,936 shares of the exchange traded fund’s stock valued at $2,504,000 after purchasing an additional 573 shares during the period. Taylor Financial Group Inc. bought a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $1,065,000. Napa Wealth Management acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth approximately $383,000. Finally, Scarborough Advisors LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 2,656.0% in the 4th quarter. Scarborough Advisors LLC now owns 303,791 shares of the exchange traded fund’s stock valued at $154,137,000 after purchasing an additional 292,768 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY traded up $8.32 during trading hours on Friday, hitting $574.81. 267,329 shares of the stock were exchanged, compared to its average volume of 832,072. The firm has a market capitalization of $22.72 billion, a P/E ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $424.22 and a fifty-two week high of $575.17. The business has a 50-day moving average of $554.64 and a 200-day moving average of $545.87.

SPDR S&P MidCap 400 ETF Trust 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.