Polaris Financial Partners acquired a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,006 shares of the exchange traded fund’s stock, valued at approximately $1,317,000. SPDR S&P MidCap 400 ETF Trust makes up 0.6% of Polaris Financial Partners’ investment portfolio, making the stock its 28th largest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Align Financial LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $86,620,000. SG Americas Securities LLC raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 78.9% during the 1st quarter. SG Americas Securities LLC now owns 153,398 shares of the exchange traded fund’s stock worth $94,610,000 after buying an additional 67,638 shares during the last quarter. GHE LLC boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 4,187.5% in the 1st quarter. GHE LLC now owns 51,450 shares of the exchange traded fund’s stock worth $31,732,000 after buying an additional 50,250 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 506.3% in the 1st quarter. Fifth Third Bancorp now owns 47,882 shares of the exchange traded fund’s stock worth $29,532,000 after buying an additional 39,984 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in SPDR S&P MidCap 400 ETF Trust by 4.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 903,341 shares of the exchange traded fund’s stock valued at $635,355,000 after acquiring an additional 38,573 shares during the last quarter.
SPDR S&P MidCap 400 ETF Trust Stock Performance
NYSEARCA MDY traded up $6.28 during trading hours on Friday, reaching $669.66. The company’s stock had a trading volume of 1,114,152 shares, compared to its average volume of 852,188. The company’s 50-day moving average is $687.21 and its two-hundred day moving average is $673.41. 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. The stock has a market cap of $25.81 billion, a PE ratio of 18.98 and a beta of 1.00.
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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.
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