Cannon Global Investment Management LLC Purchases New Stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Cannon Global Investment Management LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,900 shares of the exchange traded fund’s stock, valued at approximately $1,979,000. SPDR S&P MidCap 400 ETF Trust accounts for 14.9% of Cannon Global Investment Management LLC’s portfolio, making the stock its largest position.

A number of other large investors have also added to or reduced their stakes in MDY. West Branch Capital LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth about $25,000. Hazlett Burt & Watson Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 111.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 57 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 242.1% in the 2nd quarter. SRS Capital Advisors Inc. now owns 65 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 46 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 3rd quarter worth about $32,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth about $44,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

SPDR S&P MidCap 400 ETF Trust stock traded up $1.82 during midday trading on Friday, hitting $518.37. The company’s stock had a trading volume of 304,412 shares, compared to its average volume of 949,207. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $424.22 and a 1-year high of $558.34. The company has a 50-day moving average price of $533.25 and a two-hundred day moving average price of $495.98. The company has a market cap of $20.89 billion, a price-to-earnings ratio of 15.42 and a beta of 1.12.

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.