SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Shares Acquired by Synovus Financial Corp

Synovus Financial Corp boosted its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,245 shares of the exchange traded fund’s stock after purchasing an additional 435 shares during the period. Synovus Financial Corp’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $6,976,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter valued at about $25,000. Addison Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the third quarter valued at approximately $28,000. Chris Bulman Inc purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at approximately $30,000. Finally, Family Firm Inc. acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter worth $42,000.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.5 %

Shares of MDY stock opened at $599.46 on Friday. The firm has a fifty day simple moving average of $590.61 and a 200-day simple moving average of $562.71. The company has a market capitalization of $23.69 billion, a PE ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $487.66 and a twelve month high of $624.13.

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.