Pincus Capital Management LP purchased a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,695 shares of the exchange traded fund’s stock, valued at approximately $2,229,000. SPDR S&P MidCap 400 ETF Trust accounts for 1.5% of Pincus Capital Management LP’s portfolio, making the stock its 14th largest position.
A number of other large investors have also added to or reduced their stakes in the business. Charter Research & Investment Group Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 1.4% in the 4th quarter. Charter Research & Investment Group Inc. now owns 6,334 shares of the exchange traded fund’s stock valued at $3,821,000 after acquiring an additional 86 shares during the period. Opulen Financial Group LLC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 16.8% in the 4th quarter. Opulen Financial Group LLC now owns 1,363 shares of the exchange traded fund’s stock valued at $822,000 after buying an additional 196 shares in the last quarter. Essex Financial Services Inc. grew its holdings in SPDR S&P MidCap 400 ETF Trust by 3.7% in the 4th quarter. Essex Financial Services Inc. now owns 2,709 shares of the exchange traded fund’s stock valued at $1,634,000 after buying an additional 97 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in SPDR S&P MidCap 400 ETF Trust by 58.9% in the 4th quarter. BNP Paribas Financial Markets now owns 245,251 shares of the exchange traded fund’s stock valued at $147,955,000 after buying an additional 90,902 shares in the last quarter. Finally, Zhang Financial LLC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 5.7% in the 4th quarter. Zhang Financial LLC now owns 2,591 shares of the exchange traded fund’s stock valued at $1,563,000 after buying an additional 140 shares in the last quarter.
SPDR S&P MidCap 400 ETF Trust Price Performance
Shares of NYSEARCA MDY opened at $680.02 on Tuesday. The stock’s fifty day moving average price is $651.90 and its two-hundred day moving average price is $633.32. SPDR S&P MidCap 400 ETF Trust has a one year low of $540.43 and a one year high of $685.50. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of 18.98 and a beta of 1.02.
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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