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

In the third quarter, Eastern Bank made a significant investment by acquiring shares in the SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY). According to reports, the bank purchased 5,866 shares of this exchange-traded fund, with a total value of approximately $3,342,000.

Additionally, multiple institutional investors have recently adjusted their positions in MDY. For instance, G&S Capital LLC increased its stake in the SPDR S&P MidCap 400 ETF Trust by 2.4% during the first quarter. Following this acquisition, G&S Capital LLC now holds 8,963 shares of the ETF, valued at $4,987,000, after adding 208 shares to its holdings.

Similarly, Revolve Wealth Partners LLC also raised its investment in the fund by 2.3% in the same period, bringing its total number of shares to 4,033, which are now worth $2,244,000 after buying an extra 91 shares. S.A. Mason LLC grew its stake by 7%, now owning 706 shares valued at $393,000 after acquiring 46 additional shares.

Wealthcare Advisory Partners LLC increased its holdings by 4.9%, owning 5,960 shares worth $3,316,000 after purchasing 277 more shares. Cumberland Advisors Inc. has also expanded its position by 2.1%, now holding a total of 44,867 shares valued at $24,964,000 following the purchase of an additional 943 shares.

SPDR S&P MidCap 400 ETF Trust Stock Performance

As of Wednesday, shares of NYSEARCA:MDY opened at $573.51. The ETF has a market capitalization of $22.67 billion, a price-to-earnings (P/E) ratio of 15.70, and a beta of 1.09. The 50-day moving average price stands at $562.09, while the 200-day moving average price is $547.53. Over the past year, SPDR S&P MidCap 400 ETF Trust has recorded a 52-week low of $424.22 and a 52-week high of $585.50.

About SPDR S&P MidCap 400 ETF Trust

The SPDR S&P MidCap 400 ETF Trust is an exchange-traded fund designed to track the performance of the S&P MidCap 400 Index. This index represents over 7% of the U.S. equities market and includes companies with a consistent record of positive earnings, excluding extraordinary items and discontinued operations.

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For the latest updates on hedge funds holding MDY, you can check various investment channels and reports.

Investment, ETF, Finance