Private Asset Management Inc. cut its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 23.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,296 shares of the exchange traded fund’s stock after selling 1,015 shares during the quarter. Private Asset Management Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,579,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Horizons Wealth Management increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 33.3% in the second quarter. Horizons Wealth Management now owns 164 shares of the exchange traded fund’s stock valued at $79,000 after buying an additional 41 shares in the last quarter. Psagot Value Holdings Ltd. Israel increased its position in SPDR S&P MidCap 400 ETF Trust by 83.3% in the 1st quarter. Psagot Value Holdings Ltd. Israel now owns 748 shares of the exchange traded fund’s stock valued at $334,000 after acquiring an additional 340 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter valued at about $1,304,000. Empower Advisory Group LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter worth about $223,000. Finally, Old North State Trust LLC lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 279.1% during the first quarter. Old North State Trust LLC now owns 5,501 shares of the exchange traded fund’s stock worth $665,000 after purchasing an additional 4,050 shares in the last quarter.
SPDR S&P MidCap 400 ETF Trust Stock Performance
MDY traded up $3.18 during mid-day trading on Thursday, reaching $472.02. The stock had a trading volume of 152,174 shares, compared to its average volume of 790,198. The firm’s fifty day simple moving average is $483.87 and its two-hundred day simple moving average is $465.65. The stock has a market capitalization of $18.99 billion, a P/E ratio of 11.00 and a beta of 1.12. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $398.11 and a 52 week high of $500.78.
SPDR S&P MidCap 400 ETF Trust Profile
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.
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