Bessemer Group Inc. raised its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 114.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,237 shares of the exchange traded fund’s stock after buying an additional 47,530 shares during the period. Bessemer Group Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $53,835,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Atria Investments Inc raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 143.7% in the third quarter. Atria Investments Inc now owns 6,064 shares of the exchange traded fund’s stock valued at $3,614,000 after acquiring an additional 3,576 shares in the last quarter. NewEdge Wealth LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 190.8% in the third quarter. NewEdge Wealth LLC now owns 2,012 shares of the exchange traded fund’s stock valued at $1,190,000 after purchasing an additional 1,320 shares during the period. Savvy Advisors Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $620,000. J.Safra Asset Management Corp purchased a new position in SPDR S&P MidCap 400 ETF Trust in the third quarter valued at $550,000. Finally, Ashford Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust in the third quarter valued at $813,000.
SPDR S&P MidCap 400 ETF Trust Trading Down 1.6%
NYSEARCA:MDY opened at $659.29 on Friday. The firm has a market cap of $25.90 billion, a PE ratio of 18.98 and a beta of 1.02. The stock has a fifty day moving average price of $640.93 and a 200 day moving average price of $627.11. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $537.75 and a 12-month high of $685.50.
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.
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