Eastern Bank Invests $3.34 Million in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Eastern Bank purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,866 shares of the exchange traded fund’s stock, valued at approximately $3,342,000.

Several other institutional investors also recently modified their holdings of MDY. G&S Capital LLC grew its position in shares of SPDR S&P MidCap 400 ETF Trust by 2.4% during the 1st quarter. G&S Capital LLC now owns 8,963 shares of the exchange traded fund’s stock worth $4,987,000 after buying an additional 208 shares during the period. Revolve Wealth Partners LLC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 2.3% during the first quarter. Revolve Wealth Partners LLC now owns 4,033 shares of the exchange traded fund’s stock valued at $2,244,000 after purchasing an additional 91 shares during the period. S.A. Mason LLC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 7.0% during the first quarter. S.A. Mason LLC now owns 706 shares of the exchange traded fund’s stock valued at $393,000 after purchasing an additional 46 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 4.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 5,960 shares of the exchange traded fund’s stock valued at $3,316,000 after purchasing an additional 277 shares during the period. Finally, Cumberland Advisors Inc. grew its holdings in SPDR S&P MidCap 400 ETF Trust by 2.1% during the first quarter. Cumberland Advisors Inc. now owns 44,867 shares of the exchange traded fund’s stock valued at $24,964,000 after purchasing an additional 943 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of NYSEARCA MDY opened at $573.51 on Wednesday. The stock has a market cap of $22.67 billion, a P/E ratio of 15.70 and a beta of 1.09. The firm has a 50 day moving average price of $562.09 and a 200 day moving average price of $547.53. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $424.22 and a 52-week high of $585.50.

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.