Rise Advisors LLC raised its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 6.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 681 shares of the exchange traded fund’s stock after acquiring an additional 42 shares during the period. Rise Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $388,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bangor Savings Bank grew its holdings in SPDR S&P MidCap 400 ETF Trust by 46.1% during the 4th quarter. Bangor Savings Bank now owns 523 shares of the exchange traded fund’s stock worth $298,000 after acquiring an additional 165 shares during the period. First City Capital Management Inc. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 54.6% during the 4th quarter. First City Capital Management Inc. now owns 1,402 shares of the exchange traded fund’s stock valued at $799,000 after purchasing an additional 495 shares in the last quarter. SK Wealth Management LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the third quarter worth approximately $1,547,000. JPMorgan Chase & Co. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 5.9% in the third quarter. JPMorgan Chase & Co. now owns 340,136 shares of the exchange traded fund’s stock worth $193,762,000 after purchasing an additional 19,030 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 22.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,146 shares of the exchange traded fund’s stock worth $3,500,000 after purchasing an additional 1,138 shares in the last quarter.
SPDR S&P MidCap 400 ETF Trust Stock Performance
Shares of SPDR S&P MidCap 400 ETF Trust stock traded down $2.32 on Tuesday, reaching $573.70. 381,636 shares of the company’s stock were exchanged, compared to its average volume of 737,427. The company has a market capitalization of $22.67 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 $487.66 and a 52 week high of $624.13. The firm’s 50-day moving average is $590.90 and its two-hundred day moving average is $567.31.
SPDR S&P MidCap 400 ETF Trust Profile
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.
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