Lee Danner & Bass Inc. Increases Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Lee Danner & Bass Inc. increased its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 103.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 752 shares of the exchange traded fund’s stock after acquiring an additional 383 shares during the period. Lee Danner & Bass Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDY. PFG Investments LLC boosted its position in SPDR S&P MidCap 400 ETF Trust by 17.3% during the fourth quarter. PFG Investments LLC now owns 767 shares of the exchange traded fund’s stock valued at $437,000 after buying an additional 113 shares during the period. Flagstar Advisors Inc. boosted its position in SPDR S&P MidCap 400 ETF Trust by 2.7% during the third quarter. Flagstar Advisors Inc. now owns 5,700 shares of the exchange traded fund’s stock valued at $3,256,000 after buying an additional 152 shares during the period. Inspire Trust Co. N.A. boosted its position in SPDR S&P MidCap 400 ETF Trust by 19.1% during the third quarter. Inspire Trust Co. N.A. now owns 11,822 shares of the exchange traded fund’s stock valued at $6,735,000 after buying an additional 1,900 shares during the period. Frisch Financial Group Inc. boosted its position in SPDR S&P MidCap 400 ETF Trust by 7.4% during the third quarter. Frisch Financial Group Inc. now owns 2,129 shares of the exchange traded fund’s stock valued at $1,216,000 after buying an additional 146 shares during the period. Finally, Avior Wealth Management LLC boosted its position in SPDR S&P MidCap 400 ETF Trust by 24.3% during the fourth quarter. Avior Wealth Management LLC now owns 593 shares of the exchange traded fund’s stock valued at $338,000 after buying an additional 116 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Down 0.8 %

NYSEARCA MDY opened at $537.89 on Friday. The company has a 50-day simple moving average of $570.98 and a two-hundred day simple moving average of $576.14. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $511.97 and a 12-month high of $624.13. The firm has a market cap of $22.26 billion, a price-to-earnings 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.