Optivise Advisory Services LLC Makes New Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Optivise Advisory Services LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 762 shares of the exchange traded fund’s stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in SPDR S&P MidCap 400 ETF Trust by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 5,117 shares of the exchange traded fund’s stock worth $2,847,000 after buying an additional 130 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in SPDR S&P MidCap 400 ETF Trust by 38.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,027 shares of the exchange traded fund’s stock valued at $571,000 after buying an additional 283 shares during the period. LRI Investments LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter valued at about $127,000. Price T Rowe Associates Inc. MD increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 115.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,720 shares of the exchange traded fund’s stock worth $958,000 after buying an additional 920 shares during the period. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 1st quarter valued at about $295,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY opened at $610.71 on Friday. The stock’s 50 day simple moving average is $577.41 and its 200 day simple moving average is $556.20. The firm has a market cap of $24.14 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $463.89 and a 1 year high of $611.14.

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.