Foundations Investment Advisors LLC Raises Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Foundations Investment Advisors LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,111 shares of the exchange traded fund’s stock after acquiring an additional 72 shares during the quarter. Foundations Investment Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MDY. Wells Fargo & Company MN grew its position in SPDR S&P MidCap 400 ETF Trust by 5.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,370,369 shares of the exchange traded fund’s stock valued at $780,535,000 after buying an additional 65,493 shares during the period. GAMMA Investing LLC grew its position in SPDR S&P MidCap 400 ETF Trust by 527,197.9% during the first quarter. GAMMA Investing LLC now owns 1,228,604 shares of the exchange traded fund’s stock valued at $655,436,000 after buying an additional 1,228,371 shares during the period. Moore Capital Management LP bought a new stake in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $300,169,000. Kayne Anderson Rudnick Investment Management LLC grew its position in SPDR S&P MidCap 400 ETF Trust by 246.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 378,239 shares of the exchange traded fund’s stock valued at $215,390,000 after buying an additional 269,180 shares during the period. Finally, BW Gestao de Investimentos Ltda. bought a new stake in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $126,105,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY opened at $575.62 on Friday. The firm has a market cap of $22.96 billion, a P/E ratio of 18.98 and a beta of 1.12. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $458.82 and a 1-year high of $624.13. The company has a 50 day simple moving average of $566.99 and a two-hundred day simple moving average of $554.77.

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.