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

SummitTX Capital L.P. raised its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 41.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,484 shares of the exchange traded fund’s stock after buying an additional 15,617 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up approximately 1.0% of SummitTX Capital L.P.’s investment portfolio, making the stock its 6th largest position. SummitTX Capital L.P. owned about 0.14% of SPDR S&P MidCap 400 ETF Trust worth $32,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial & Tax Architects LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the 1st quarter valued at about $4,743,000. Savvy Advisors Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $620,000. Daytona Street Capital LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at approximately $633,000. Northland Securities Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at approximately $560,000. Finally, RFG Advisory LLC lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 50.4% in the fourth quarter. RFG Advisory LLC now owns 8,034 shares of the exchange traded fund’s stock valued at $4,847,000 after acquiring an additional 2,694 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $690.71 on Monday. The stock has a 50 day moving average of $685.43 and a 200 day moving average of $657.13. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of 18.98 and a beta of 1.00. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $559.89 and a fifty-two week high of $704.45.

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.