Bank of America Corp DE increased its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,150,267 shares of the exchange traded fund’s stock after purchasing an additional 149,577 shares during the quarter. Bank of America Corp DE owned 5.22% of SPDR S&P MidCap 400 ETF Trust worth $985,704,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mach 1 Financial Group LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter valued at $13,752,000. Quent Capital LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter worth $60,000. Ten Capital Wealth Advisors LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter valued at $69,000. Northwest Investment Counselors LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 1st quarter valued at $73,000. Finally, Icon Wealth Partners LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 1st quarter valued at $104,000.
SPDR S&P MidCap 400 ETF Trust Trading Down 0.3 %
NYSEARCA MDY opened at $475.72 on Thursday. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $398.11 and a 1 year high of $500.78. The company has a market cap of $19.14 billion, a PE ratio of 11.00 and a beta of 1.12. The stock’s 50-day moving average price is $484.57 and its two-hundred day moving average price is $465.88.
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.
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