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

Jennison Associates LLC has recently enhanced its investment in the SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 34.8% during the fourth quarter, based on the latest report filed with the Securities and Exchange Commission (SEC). After acquiring an additional 596 shares during this period, the institutional investor now holds a total of 2,309 shares of this exchange-traded fund (ETF). The total value of Jennison Associates LLC's holdings in the SPDR S&P MidCap 400 ETF Trust reached approximately $1.32 million at the close of the quarter.

Other significant investors have also recently made adjustments to their stakes in this ETF. Notably, International Assets Investment Management LLC dramatically increased its position in the SPDR S&P MidCap 400 ETF Trust by an astonishing 62,301.7% in the third quarter. This brought their holdings to 2,172,826 shares, valued at $1.24 billion, following a purchase of 2,169,344 shares during that time. Additionally, SG Americas Securities LLC increased its stake by 1,411.1% in the fourth quarter, acquiring 248,146 more shares to total 265,731 shares valued at $151.36 million.

Other investors also joined in, with Arvest Bank Trust Division acquiring a new position worth approximately $137.03 million in the third quarter. Integrated Investment Consultants LLC similarly established a new stake in the fourth quarter valued at around $160,000. On another note, Black Swift Group LLC invested close to $14.42 million by adding a new holding in the SPDR S&P MidCap 400 ETF Trust during the third quarter.

SPDR S&P MidCap 400 ETF Trust Performance

On Friday, shares of the SPDR S&P MidCap 400 ETF Trust opened at $592.76. The fund currently boasts a market capitalization of $23.43 billion and has a price-to-earnings (P/E) ratio of 15.70, coupled with a beta of 1.09. Over the past year, the stock has experienced fluctuations, hitting a low of $500.24 and a high of $624.13. The ETF also has a 50-day moving average of $588.21 and a 200-day moving average of $574.28.

About SPDR S&P MidCap 400 ETF Trust

The SPDR S&P MidCap 400 ETF Trust is designed to provide investment results that correspond to the price and yield performance of the S&P MidCap 400 Index. This index represents more than 7% of the US equity market and includes companies that have reported four consecutive quarters of positive earnings, excluding operations considered discontinued or extraordinary.

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