Sunbeam Capital Management LLC Takes Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Sunbeam Capital Management LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,514 shares of the exchange traded fund’s stock, valued at approximately $1,437,000. SPDR S&P MidCap 400 ETF Trust accounts for 3.1% of Sunbeam Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $328,419,000. Proficio Capital Partners LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 8,245.4% in the fourth quarter. Proficio Capital Partners LLC now owns 580,841 shares of the exchange traded fund’s stock worth $330,835,000 after acquiring an additional 573,881 shares during the period. Moore Capital Management LP bought a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth approximately $300,169,000. Strategic Financial Concepts LLC grew its position in shares of SPDR S&P MidCap 400 ETF Trust by 89,108.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 377,352 shares of the exchange traded fund’s stock valued at $214,932,000 after purchasing an additional 376,929 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 246.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 378,239 shares of the exchange traded fund’s stock valued at $215,390,000 after purchasing an additional 269,180 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.2%

Shares of NYSEARCA:MDY opened at $544.66 on Friday. The stock has a market capitalization of $22.18 billion, a P/E ratio of 17.70 and a beta of 1.07. The stock’s 50-day moving average price is $525.69 and its 200-day moving average price is $562.85. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $458.82 and a 12-month high of $624.13.

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.