Passaic Partners LLC Makes New Investment in SPDR S&P MidCap 400 ETF Trust $MDY

Passaic Partners LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,485 shares of the exchange traded fund’s stock, valued at approximately $19,331,000. SPDR S&P MidCap 400 ETF Trust makes up 1.4% of Passaic Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Passaic Partners LLC owned approximately 0.07% of SPDR S&P MidCap 400 ETF Trust 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. Wells Fargo & Company MN raised its holdings in SPDR S&P MidCap 400 ETF Trust by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock worth $810,385,000 after purchasing an additional 87,207 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 4.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 903,341 shares of the exchange traded fund’s stock worth $635,355,000 after acquiring an additional 38,573 shares in the last quarter. Moore Capital Management LP lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 73.2% during the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after purchasing an additional 267,800 shares during the last quarter. Raymond James Financial Inc. grew its stake in SPDR S&P MidCap 400 ETF Trust by 5.4% during the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock worth $336,626,000 after buying an additional 28,459 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.2% during the fourth quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock valued at $309,959,000 after acquiring an additional 11,060 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of MDY opened at $691.52 on Friday. SPDR S&P MidCap 400 ETF Trust has a one year low of $568.21 and a one year high of $717.35. The stock has a market cap of $26.62 billion, a P/E ratio of 18.98 and a beta of 1.00. The stock has a 50-day moving average of $695.20 and a two-hundred day moving average of $669.56.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.