Fifth Third Bancorp grew its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 506.3% during the first quarter, HoldingsChannel reports. The fund owned 47,882 shares of the exchange traded fund’s stock after acquiring an additional 39,984 shares during the quarter. Fifth Third Bancorp’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $29,532,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Financial & Tax Architects LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter valued at approximately $4,743,000. Savvy Advisors Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth approximately $620,000. Daytona Street Capital LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth approximately $633,000. Clear Trail Advisors LLC bought a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $575,000. Finally, Northland Securities Inc. bought a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $560,000.
SPDR S&P MidCap 400 ETF Trust Stock Performance
Shares of MDY stock opened at $685.98 on Tuesday. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $559.89 and a 1 year high of $704.45. The stock has a market cap of $27.08 billion, a PE ratio of 18.98 and a beta of 1.00. The business’s fifty day moving average is $682.11 and its 200-day moving average is $652.21.
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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.
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