Welch & Forbes LLC Buys 22,569 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Welch & Forbes LLC raised its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 13.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 185,128 shares of the exchange traded fund’s stock after acquiring an additional 22,569 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for 1.4% of Welch & Forbes LLC’s holdings, making the stock its 22nd largest position. Welch & Forbes LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $93,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Granite Bay Wealth Management LLC increased its stake in SPDR S&P MidCap 400 ETF Trust by 1.3% in the fourth quarter. Granite Bay Wealth Management LLC now owns 2,570,040 shares of the exchange traded fund’s stock valued at $1,192,724,000 after acquiring an additional 33,187 shares during the period. International Assets Investment Management LLC increased its stake in SPDR S&P MidCap 400 ETF Trust by 47,016.7% in the fourth quarter. International Assets Investment Management LLC now owns 1,505,851 shares of the exchange traded fund’s stock valued at $764,039,000 after acquiring an additional 1,502,655 shares during the period. Pathstone Family Office LLC increased its stake in SPDR S&P MidCap 400 ETF Trust by 50,563.5% in the third quarter. Pathstone Family Office LLC now owns 963,113 shares of the exchange traded fund’s stock valued at $439,796,000 after acquiring an additional 961,212 shares during the period. Raymond James & Associates increased its stake in SPDR S&P MidCap 400 ETF Trust by 9.8% in the fourth quarter. Raymond James & Associates now owns 399,875 shares of the exchange traded fund’s stock valued at $202,889,000 after acquiring an additional 35,734 shares during the period. Finally, Conservest Capital Advisors Inc. boosted its position in SPDR S&P MidCap 400 ETF Trust by 0.6% in the third quarter. Conservest Capital Advisors Inc. now owns 254,922 shares of the exchange traded fund’s stock valued at $116,408,000 after buying an additional 1,478 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Up 1.4 %

NYSEARCA:MDY traded up $7.38 on Monday, reaching $542.79. The stock had a trading volume of 655,169 shares, compared to its average volume of 942,195. The company has a market capitalization of $22.09 billion, a P/E ratio of 15.15 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $424.22 and a 1-year high of $558.34. The stock has a fifty day moving average price of $536.26 and a 200-day moving average price of $503.31.

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.