Arvest Investments Inc. reduced its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,255 shares of the exchange traded fund’s stock after selling 1,592 shares during the period. SPDR S&P MidCap 400 ETF Trust makes up 1.5% of Arvest Investments Inc.’s holdings, making the stock its 16th largest position. Arvest Investments Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $9,259,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in MDY. Raymond James Financial Inc. acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $328,419,000. Proficio Capital Partners LLC increased its position in SPDR S&P MidCap 400 ETF Trust by 8,245.4% during the 4th quarter. Proficio Capital Partners LLC now owns 580,841 shares of the exchange traded fund’s stock valued at $330,835,000 after buying an additional 573,881 shares in the last quarter. Strategic Financial Concepts LLC increased its position in SPDR S&P MidCap 400 ETF Trust by 89,108.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 377,352 shares of the exchange traded fund’s stock valued at $214,932,000 after buying an additional 376,929 shares in the last quarter. SG Americas Securities LLC increased its position in SPDR S&P MidCap 400 ETF Trust by 1,411.1% during the 4th quarter. SG Americas Securities LLC now owns 265,731 shares of the exchange traded fund’s stock valued at $151,355,000 after buying an additional 248,146 shares in the last quarter. Finally, Arvest Bank Trust Division acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 3rd quarter valued at about $137,029,000.
SPDR S&P MidCap 400 ETF Trust Price Performance
Shares of NYSEARCA:MDY opened at $545.97 on Thursday. The business’s 50-day moving average is $572.16 and its 200 day moving average is $576.57. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $511.97 and a 1 year high of $624.13. The firm has a market capitalization of $22.60 billion, a P/E ratio of 18.55 and a beta of 1.14.
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.
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