Paulson Wealth Management Inc. Grows Stake in SPDR S&P MidCap 400 ETF Trust $MDY

Paulson Wealth Management Inc. boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,421 shares of the exchange traded fund’s stock after buying an additional 786 shares during the period. SPDR S&P MidCap 400 ETF Trust makes up 1.6% of Paulson Wealth Management Inc.’s holdings, making the stock its 12th largest position. Paulson Wealth Management Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $6,890,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MDY. Atria Investments Inc lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 143.7% during the third quarter. Atria Investments Inc now owns 6,064 shares of the exchange traded fund’s stock worth $3,614,000 after purchasing an additional 3,576 shares during the period. NewEdge Wealth LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 190.8% during the 3rd quarter. NewEdge Wealth LLC now owns 2,012 shares of the exchange traded fund’s stock worth $1,190,000 after buying an additional 1,320 shares during the last quarter. Savvy Advisors Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at approximately $620,000. J.Safra Asset Management Corp purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at $550,000. Finally, Ashford Advisors LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter worth $813,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $670.19 on Friday. The stock has a market cap of $26.33 billion, a PE ratio of 18.98 and a beta of 1.02. The firm has a fifty day moving average price of $640.68 and a 200 day moving average price of $626.88. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $537.75 and a 1 year high of $685.50.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.