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

Jennison Associates LLC has significantly increased its ownership in the SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 34.8% during the fourth quarter, as per its latest filing with the Securities and Exchange Commission (SEC). Following this investment, the institutional investor now holds 2,309 shares after adding an additional 596 shares during this period. As of the end of the fourth quarter, the value of Jennison Associates' holdings in this exchange-traded fund (ETF) stood at approximately $1.32 million.

Additionally, several other large investors have made moves regarding their shares in the SPDR S&P MidCap 400 ETF Trust. Notably, International Assets Investment Management LLC dramatically increased its stake by over 62,301%, acquiring 2,172,826 shares valued at approximately $1.24 billion after increasing its holdings by 2,169,344 shares. Meanwhile, SG Americas Securities LLC raised its stake by 1,411.1%, resulting in ownership of 265,731 shares valued at around $151.36 million after buying an extra 248,146 shares during the same quarter.

Other notable transactions include Arvest Bank Trust Division's new position worth about $137 million in the SPDR S&P MidCap 400 ETF Trust during the third quarter, and Integrated Investment Consultants LLC, which also acquired a new stake in the ETF valued at around $160,000 in the fourth quarter. Furthermore, Black Swift Group LLC made a new investment in this ETF during the third quarter, amounting to about $14.42 million.

Current Trading Status of SPDR S&P MidCap 400 ETF Trust

As of the latest trading session, the SPDR S&P MidCap 400 ETF Trust opened at $592.76. The ETF has a market capitalization of approximately $23.43 billion, with a price-to-earnings (P/E) ratio of 15.70 and a beta value of 1.09. Over the past year, the ETF recorded a low of $500.24 and a high of $624.13. Its 50-day and 200-day moving averages are currently $588.21 and $574.28, respectively.

About SPDR S&P MidCap 400 ETF Trust

The SPDR S&P MidCap 400 ETF is designed to track the price and yield performance of the S&P MidCap 400 Index. This index represents over 7% of the total U.S. equities market and is part of a larger series of S&P indices. The companies included in this index are required to have recorded positive earnings for four consecutive quarters, excluding any discontinued operations and extraordinary items.

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