Jennison Associates LLC Increases Holdings in SPDR S&P MidCap 400 ETF Trust

Jennison Associates LLC has increased its investment in the SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) during the fourth quarter by 34.8%. This information comes from the firm’s latest filing with the Securities and Exchange Commission (SEC). Following this increase, Jennison Associates LLC now holds 2,309 shares of the ETF, having purchased an additional 596 shares during the quarter. As of the end of that quarter, the value of their holdings in the SPDR S&P MidCap 400 ETF Trust was $1,315,000.

Other notable investors have also made adjustments to their positions in the ETF. International Assets Investment Management LLC significantly ramped up its holdings in the SPDR S&P MidCap 400 ETF Trust during the third quarter, growing its ownership by an astounding 62,301.7%. This investment firm now possesses 2,172,826 shares, valued at $1,237,772,000, after acquiring an additional 2,169,344 shares within the same period. Additionally, SG Americas Securities LLC increased its stake by 1,411.1% in the fourth quarter, bringing its total to 265,731 shares worth $151,355,000 after purchasing 248,146 more shares.

Furthermore, Arvest Bank Trust Division entered a new investment in the SPDR S&P MidCap 400 ETF Trust in the third quarter, holding shares valued at about $137,029,000. Integrated Investment Consultants LLC also made a new acquisition in the fourth quarter, investing approximately $160,000. Lastly, Black Swift Group LLC purchased a new stake in the ETF during the third quarter, valued at around $14,417,000.

SPDR S&P MidCap 400 ETF Trust Market Overview

As of Friday, the SPDR S&P MidCap 400 ETF Trust was trading at $592.76. The fund has a market capitalization of $23.43 billion, a price-to-earnings (P/E) ratio of 15.70, and a beta value of 1.09. Over the last year, the ETF reached a low of $500.24 and a high of $624.13. The 50-day moving average for the fund currently stands at $588.21, while the 200-day moving average is at $574.28.

Understanding SPDR S&P MidCap 400 ETF Trust

The SPDR S&P MidCap 400 ETF Trust is an exchange-traded fund that aims to reflect the price and yield performance of the S&P MidCap 400 Index. This index represents a portion of over 7% of the total U.S. equities market and forms a part of a broader series of S&P indices. Companies included in this index typically must report four consecutive quarters of positive earnings, exclude any discontinued operations, and extraordinary items.

investors, funds, holdings