Welch & Forbes LLC Buys 22,569 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Welch & Forbes LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,128 shares of the exchange traded fund’s stock after buying an additional 22,569 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for approximately 1.4% of Welch & Forbes LLC’s portfolio, making the stock its 22nd largest holding. Welch & Forbes LLC owned approximately 0.46% of SPDR S&P MidCap 400 ETF Trust worth $93,930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 47,016.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,505,851 shares of the exchange traded fund’s stock worth $764,039,000 after purchasing an additional 1,502,655 shares in the last quarter. Pathstone Family Office LLC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 50,563.5% during the third quarter. Pathstone Family Office LLC now owns 963,113 shares of the exchange traded fund’s stock worth $439,796,000 after purchasing an additional 961,212 shares in the last quarter. Scarborough Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter worth about $39,374,000. Tower Research Capital LLC TRC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 560,825.0% during the third quarter. Tower Research Capital LLC TRC now owns 67,311 shares of the exchange traded fund’s stock worth $30,737,000 after purchasing an additional 67,299 shares in the last quarter. Finally, Employees Retirement System of Texas grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 143.8% during the third quarter. Employees Retirement System of Texas now owns 108,500 shares of the exchange traded fund’s stock worth $49,545,000 after purchasing an additional 64,000 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

MDY traded up $7.38 during midday trading on Monday, hitting $542.79. The stock had a trading volume of 655,169 shares, compared to its average volume of 942,195. The company has a market cap of $22.09 billion, a P/E ratio of 15.15 and a beta of 1.09. The business has a fifty day moving average of $536.26 and a 200 day moving average of $503.31. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $424.22 and a 1 year high of $558.34.

SPDR S&P MidCap 400 ETF Trust 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.