RiverFront Investment Group LLC Makes New Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

RiverFront Investment Group LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 477 shares of the exchange traded fund’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 8,245.4% in the 4th quarter. Proficio Capital Partners LLC now owns 580,841 shares of the exchange traded fund’s stock valued at $330,835,000 after buying an additional 573,881 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $328,419,000. JPMorgan Chase & Co. increased its position in SPDR S&P MidCap 400 ETF Trust by 18.0% during the fourth quarter. JPMorgan Chase & Co. now owns 401,198 shares of the exchange traded fund’s stock worth $228,514,000 after acquiring an additional 61,062 shares during the period. Strategic Financial Concepts LLC increased its position in SPDR S&P MidCap 400 ETF Trust by 89,108.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 377,352 shares of the exchange traded fund’s stock worth $214,932,000 after acquiring an additional 376,929 shares during the period. Finally, SG Americas Securities LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 1,411.1% in the 4th quarter. SG Americas Securities LLC now owns 265,731 shares of the exchange traded fund’s stock worth $151,355,000 after purchasing an additional 248,146 shares in the last quarter.

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

Shares of NYSEARCA:MDY opened at $532.23 on Friday. 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’s 50 day moving average price is $567.18 and its two-hundred day moving average price is $576.38. The firm has a market cap of $21.83 billion, a PE ratio of 18.90 and a beta of 1.14.

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.