Canvas Wealth Advisors LLC Invests $503,000 in SPDR S&P MidCap 400 ETF Trust $MDY

Canvas Wealth Advisors LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 816 shares of the exchange traded fund’s stock, valued at approximately $503,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. raised its position in SPDR S&P MidCap 400 ETF Trust by 1.0% in the fourth quarter. Moors & Cabot Inc. now owns 1,542 shares of the exchange traded fund’s stock valued at $930,000 after purchasing an additional 16 shares during the period. Colonial Trust Co SC boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 2.4% during the fourth quarter. Colonial Trust Co SC now owns 689 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 16 shares during the period. Lewis Asset Management LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 0.5% in the fourth quarter. Lewis Asset Management LLC now owns 3,681 shares of the exchange traded fund’s stock valued at $2,220,000 after buying an additional 18 shares in the last quarter. PFG Investments LLC raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.5% in the 4th quarter. PFG Investments LLC now owns 741 shares of the exchange traded fund’s stock valued at $447,000 after buying an additional 18 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 0.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,965 shares of the exchange traded fund’s stock valued at $2,995,000 after buying an additional 18 shares during the period.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $696.66 on Tuesday. The stock has a market capitalization of $27.72 billion, a price-to-earnings ratio of 18.98 and a beta of 1.00. The business has a 50-day moving average of $678.82 and a 200 day moving average of $648.91. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $559.89 and a 12 month high of $704.45.

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