Summit Financial LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,981 shares of the exchange traded fund’s stock after buying an additional 967 shares during the quarter. Summit Financial LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $5,134,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at approximately $26,000. West Financial Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $28,000. New Wave Wealth Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth $32,000. Brooklyn Investment Group acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth $36,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $40,000.
SPDR S&P MidCap 400 ETF Trust Trading Down 1.8 %
SPDR S&P MidCap 400 ETF Trust stock opened at $532.23 on Monday. The stock has a 50-day moving average price of $567.18 and a 200 day moving average price of $576.63. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $511.97 and a 52 week high of $624.13. The stock has a market cap of $21.83 billion, a PE ratio of 18.90 and a beta of 1.14.
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.
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