Washington Trust Bank Invests $300,000 in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Washington Trust Bank acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 526 shares of the exchange traded fund’s stock, valued at approximately $300,000.

A number of other hedge funds have also added to or reduced their stakes in MDY. Jennison Associates LLC increased its holdings in SPDR S&P MidCap 400 ETF Trust by 40.1% in the third quarter. Jennison Associates LLC now owns 1,713 shares of the exchange traded fund’s stock worth $976,000 after purchasing an additional 490 shares in the last quarter. Citigroup Inc. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 282.8% in the third quarter. Citigroup Inc. now owns 30,993 shares of the exchange traded fund’s stock worth $17,655,000 after purchasing an additional 22,897 shares in the last quarter. Nwam LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust in the third quarter worth approximately $1,278,000. Financial Council LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust in the third quarter worth approximately $269,000. Finally, Camden National Bank grew its stake in SPDR S&P MidCap 400 ETF Trust by 44.3% in the third quarter. Camden National Bank now owns 603 shares of the exchange traded fund’s stock valued at $344,000 after acquiring an additional 185 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $537.89 on Friday. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $511.97 and a 52 week high of $624.13. The stock has a 50 day moving average price of $570.98 and a two-hundred day moving average price of $576.32. The stock has a market capitalization of $22.26 billion, a PE 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.