Howard Capital Management Inc. Has $8.90 Million Holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Howard Capital Management Inc. boosted its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 16,642 shares of the exchange traded fund’s stock after buying an additional 216 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for approximately 0.9% of Howard Capital Management Inc.’s holdings, making the stock its 12th largest position. Howard Capital Management Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $8,904,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth about $25,000. Ruedi Wealth Management Inc. bought a new stake in SPDR S&P MidCap 400 ETF Trust during the first quarter worth about $26,000. Addison Advisors LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth approximately $38,000. Finally, Toth Financial Advisory Corp increased its holdings in SPDR S&P MidCap 400 ETF Trust by 68.2% during the 1st quarter. Toth Financial Advisory Corp now owns 74 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

SPDR S&P MidCap 400 ETF Trust stock opened at $538.00 on Friday. The business’s fifty day moving average is $548.09 and its two-hundred day moving average is $541.01. The firm has a market cap of $21.26 billion, a P/E ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $424.22 and a 52 week high of $574.11.

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.