SummitTX Capital L.P. Buys 15,617 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

SummitTX Capital L.P. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 41.2% in the first quarter, HoldingsChannel.com reports. The firm owned 53,484 shares of the exchange traded fund’s stock after buying an additional 15,617 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for approximately 1.0% of SummitTX Capital L.P.’s portfolio, making the stock its 6th largest holding. SummitTX Capital L.P.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $32,987,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its position in SPDR S&P MidCap 400 ETF Trust by 6.9% in 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 during the period. 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 worth $500,741,000 after buying an additional 41,757 shares during the period. Moore Capital Management LP grew its stake in shares of 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 buying an additional 267,800 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 5.4% in the fourth quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock valued at $336,626,000 after buying an additional 28,459 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of 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 valued at $309,959,000 after buying an additional 11,060 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Performance

MDY opened at $690.71 on Monday. The stock’s 50-day moving average price is $685.43 and its 200 day moving average price is $657.13. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $559.89 and a 12-month high of $704.45. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 18.98 and a beta of 1.00.

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.