Saxon Interests Inc. Acquires New Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Saxon Interests Inc. bought a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 650 shares of the exchange traded fund’s stock, valued at approximately $330,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 97.9% during the first quarter. BlackRock Inc. now owns 67,337 shares of the exchange traded fund’s stock worth $33,026,000 after buying an additional 33,318 shares during the period. Moors & Cabot Inc. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 6.9% in the first quarter. Moors & Cabot Inc. now owns 1,929 shares of the exchange traded fund’s stock valued at $946,000 after buying an additional 124 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in SPDR S&P MidCap 400 ETF Trust by 2.8% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,167 shares of the exchange traded fund’s stock valued at $572,000 after buying an additional 32 shares in the last quarter. First Western Trust Bank purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the 1st quarter worth about $1,239,000. Finally, American International Group Inc. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 31.4% during the 1st quarter. American International Group Inc. now owns 18,000 shares of the exchange traded fund’s stock worth $8,828,000 after acquiring an additional 4,300 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of NYSEARCA MDY traded up $1.58 during midday trading on Thursday, hitting $555.99. 1,146,048 shares of the company’s stock were exchanged, compared to its average volume of 945,267. The firm’s fifty day simple moving average is $521.78 and its 200-day simple moving average is $487.66. The company has a market cap of $22.37 billion, a PE ratio of 11.00 and a beta of 1.12. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $424.22 and a twelve month high of $558.34.

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.