PFG Investments LLC Increases Stake in SPDR S&P MidCap 400 ETF Trust

PFG Investments LLC has recently reported an increase in its holdings of the SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 17.3% during the fourth quarter, according to the latest filing with the SEC. After adding 113 additional shares during this period, the fund now holds a total of 767 shares of this exchange-traded fund, valued at approximately $437,000.

In addition to PFG Investments, several other institutional investors have also adjusted their positions. For instance, West Financial Advisors LLC entered a new position in the SPDR S&P MidCap 400 ETF Trust during the fourth quarter with a valuation of about $28,000. Likewise, DiNuzzo Private Wealth Inc. made a similar investment in the third quarter, also worth $28,000. Brooklyn Investment Group also purchased a new position in the ETF in the fourth quarter, with a valuation of $36,000. Furthermore, Peterson Financial Group Inc. acquired a new stake in the SPDR ETF during the third quarter for $68,000. Notably, ORG Partners LLC increased their holdings by 50% in the fourth quarter and now owns 129 shares valued at $74,000 after acquiring an additional 43 shares.

Performance of SPDR S&P MidCap 400 ETF Trust

On Friday, shares of the SPDR S&P MidCap 400 ETF Trust opened at $596.41. The fund's 50-day simple moving average stands at $590.44, while the 200-day simple moving average is $573.15. Over the past year, the SPDR S&P MidCap 400 ETF Trust has experienced a low of $495.53 and a high of $624.13. The ETF currently holds a market capitalization of $23.57 billion and has a price-to-earnings (PE) ratio of 15.70, with a beta of 1.09, indicating its volatility in comparison to the overall market.

About SPDR S&P MidCap 400 ETF Trust

The SPDR S&P MidCap 400 ETF is designed to mirror the price and yield performance of the S&P MidCap 400 Index, which comprises over 7% of the total U.S. equity market. This index includes companies that have demonstrated four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items.

Recent News and Insights

Investors looking to explore additional opportunities might find interest in various articles discussing investment strategies, growth stocks, and dividend stocks. There are also insights on how to invest in emerging sectors like marijuana and technology stocks, enhancing the scope for diversifying portfolios.

investment, ETF, stocks