Paulson Wealth Management Inc. Grows Holdings in SPDR S&P MidCap 400 ETF Trust $MDY

Paulson Wealth Management Inc. raised its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 25.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,635 shares of the exchange traded fund’s stock after purchasing an additional 2,148 shares during the period. SPDR S&P MidCap 400 ETF Trust comprises approximately 1.5% of Paulson Wealth Management Inc.’s holdings, making the stock its 12th largest holding. Paulson Wealth Management Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $6,339,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at approximately $41,000. Hollencrest Capital Management lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 248.0% in the third quarter. Hollencrest Capital Management now owns 174 shares of the exchange traded fund’s stock worth $104,000 after acquiring an additional 124 shares during the last quarter. AE Wealth Management LLC boosted its stake in SPDR S&P MidCap 400 ETF Trust by 12.8% in the third quarter. AE Wealth Management LLC now owns 1,459 shares of the exchange traded fund’s stock valued at $870,000 after acquiring an additional 165 shares during the period. LRI Investments LLC raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 14.3% during the 3rd quarter. LRI Investments LLC now owns 553 shares of the exchange traded fund’s stock worth $329,000 after purchasing an additional 69 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 125.0% in the 3rd quarter. Activest Wealth Management now owns 54 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 30 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of MDY opened at $634.32 on Thursday. The firm has a fifty day moving average of $615.92 and a 200-day moving average of $599.00. The company has a market cap of $24.88 billion, a price-to-earnings ratio of 18.98 and a beta of 1.06. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $458.82 and a 1 year high of $648.79.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.