First City Capital Management Inc. Makes New $485,000 Investment in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

First City Capital Management Inc. bought a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 907 shares of the exchange traded fund’s stock, valued at approximately $485,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Ridgewood Investments LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the 2nd quarter valued at $25,000. Ruedi Wealth Management Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter worth $26,000. Addison Advisors LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter valued at about $27,000. Chris Bulman Inc purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter worth about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P MidCap 400 ETF Trust during the second quarter worth about $38,000.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.7 %

MDY stock opened at $566.52 on Friday. The firm has a 50-day moving average of $552.03 and a two-hundred day moving average of $543.23. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $424.22 and a 12 month high of $574.11. The company has a market cap of $22.39 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09.

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.