Jennison Associates LLC Cuts Holdings in SPDR S&P MidCap 400 ETF Trust $MDY

Jennison Associates LLC decreased its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 70.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 561 shares of the exchange traded fund’s stock after selling 1,313 shares during the period. Jennison Associates LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $395,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock valued at $810,385,000 after purchasing an additional 87,207 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 5.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock valued at $500,741,000 after buying an additional 41,757 shares during the last quarter. Moore Capital Management LP increased its holdings in SPDR S&P MidCap 400 ETF Trust by 73.2% in the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock worth $358,993,000 after buying an additional 267,800 shares in the last quarter. Raymond James Financial Inc. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 5.4% in the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock worth $336,626,000 after buying an additional 28,459 shares in the last quarter. Finally, Bank of Montreal Can raised its position in SPDR S&P MidCap 400 ETF Trust by 2.2% in the 4th quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock worth $309,959,000 after buying an additional 11,060 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of NYSEARCA:MDY opened at $716.91 on Friday. The firm has a market cap of $27.59 billion, a price-to-earnings ratio of 18.98 and a beta of 1.01. The business has a 50-day simple moving average of $693.35 and a two-hundred day simple moving average of $663.92. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $568.21 and a fifty-two week high of $717.35.

SPDR S&P MidCap 400 ETF Trust Company 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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.