Summit Asset Management LLC Raises Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Summit Asset Management LLC increased its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 36.5% during the third quarter, Holdings Channel.com reports. The firm owned 748 shares of the exchange traded fund’s stock after acquiring an additional 200 shares during the quarter. Summit Asset Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $426,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 62,301.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,172,826 shares of the exchange traded fund’s stock worth $1,237,772,000 after purchasing an additional 2,169,344 shares during the period. Granite Bay Wealth Management LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 6,346.6% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,113,449 shares of the exchange traded fund’s stock worth $1,136,513,000 after purchasing an additional 2,080,665 shares during the period. US Bancorp DE increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 1.1% in the third quarter. US Bancorp DE now owns 1,063,964 shares of the exchange traded fund’s stock valued at $606,098,000 after acquiring an additional 11,719 shares during the period. Bank of Montreal Can increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 3.5% in the second quarter. Bank of Montreal Can now owns 504,716 shares of the exchange traded fund’s stock valued at $269,741,000 after acquiring an additional 17,125 shares during the period. Finally, Raymond James & Associates increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.5% in the third quarter. Raymond James & Associates now owns 369,044 shares of the exchange traded fund’s stock valued at $210,230,000 after acquiring an additional 1,811 shares during the period.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.6 %

MDY stock opened at $597.88 on Thursday. The firm’s 50-day moving average price is $569.40 and its two-hundred day moving average price is $553.00. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $454.86 and a 12-month high of $609.69. The stock has a market capitalization of $23.63 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09.

About SPDR S&P MidCap 400 ETF Trust

(Free Report)

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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