Granite Bay Wealth Management LLC Purchases 6,647 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Granite Bay Wealth Management LLC grew its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 18.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,764 shares of the exchange traded fund’s stock after purchasing an additional 6,647 shares during the period. SPDR S&P MidCap 400 ETF Trust makes up about 13.7% of Granite Bay Wealth Management LLC’s holdings, making the stock its largest holding. Granite Bay Wealth Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $24,361,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MDY. Greystone Financial Group LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $273,000. Pathstone Holdings LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth about $485,301,000. Lake Street Advisors Group LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth about $274,000. Avantax Advisory Services Inc. grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 4.5% during the first quarter. Avantax Advisory Services Inc. now owns 21,291 shares of the exchange traded fund’s stock worth $11,846,000 after purchasing an additional 921 shares during the last quarter. Finally, First Foundation Advisors grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 28.5% during the first quarter. First Foundation Advisors now owns 699 shares of the exchange traded fund’s stock worth $389,000 after purchasing an additional 155 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of MDY stock opened at $563.98 on Friday. The stock’s 50-day moving average is $554.01 and its two-hundred day moving average is $544.99. The firm has a market cap of $22.29 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 $424.22 and a 1 year high of $574.28.

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.