Newport Capital Group LLC lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 1,037.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 114,570 shares of the exchange traded fund’s stock after buying an additional 104,500 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up approximately 32.8% of Newport Capital Group LLC’s portfolio, making the stock its 2nd biggest position. Newport Capital Group LLC owned 0.30% of SPDR S&P MidCap 400 ETF Trust worth $69,118,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in MDY. Moore Capital Management LP boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 73.2% in the second quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after purchasing an additional 267,800 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 98.3% in the second quarter. Corient Private Wealth LLC now owns 484,834 shares of the exchange traded fund’s stock valued at $274,651,000 after purchasing an additional 240,356 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 564,003.0% in the third quarter. Cornerstone Planning Group LLC now owns 186,154 shares of the exchange traded fund’s stock valued at $110,953,000 after purchasing an additional 186,121 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 28.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 788,274 shares of the exchange traded fund’s stock valued at $469,835,000 after purchasing an additional 175,255 shares in the last quarter. Finally, Barclays PLC grew its position in shares of SPDR S&P MidCap 400 ETF Trust by 1,259.0% in the 3rd quarter. Barclays PLC now owns 155,506 shares of the exchange traded fund’s stock valued at $92,686,000 after buying an additional 144,063 shares during the last quarter.
SPDR S&P MidCap 400 ETF Trust Price Performance
NYSEARCA MDY opened at $679.25 on Friday. The firm’s fifty day moving average price is $649.33 and its 200 day moving average price is $632.14. The company has a market capitalization of $26.69 billion, a price-to-earnings ratio of 18.98 and a beta of 1.02. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $540.43 and a 12 month high of $685.50.
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.
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