Hsbc Holdings PLC Purchases 6,097 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

Hsbc Holdings PLC increased its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 235.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,685 shares of the exchange traded fund’s stock after acquiring an additional 6,097 shares during the period. Hsbc Holdings PLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $5,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDY. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $886,000. Bayban purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $205,000. Pure Financial Advisors LLC increased its holdings in SPDR S&P MidCap 400 ETF Trust by 170.5% in the 4th quarter. Pure Financial Advisors LLC now owns 1,512 shares of the exchange traded fund’s stock worth $912,000 after buying an additional 953 shares in the last quarter. CFO Capital Management LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth about $562,000. Finally, Sankala Group LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth about $86,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

MDY opened at $695.29 on Friday. The stock has a market capitalization of $27.32 billion, a P/E ratio of 18.98 and a beta of 1.01. The company’s 50-day simple moving average is $675.44 and its two-hundred day simple moving average is $645.66. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $559.89 and a 52-week high of $704.12.

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.