Spinnaker Trust Boosts Stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Spinnaker Trust raised its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,067 shares of the exchange traded fund’s stock after purchasing an additional 68 shares during the period. Spinnaker Trust’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Financial Advisors LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at $28,000. New Wave Wealth Advisors LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $32,000. Brooklyn Investment Group acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $36,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at $68,000.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.1 %

Shares of NYSEARCA MDY opened at $583.99 on Friday. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $510.45 and a twelve month high of $624.13. The stock has a fifty day simple moving average of $584.84 and a 200-day simple moving average of $575.39. The stock has a market capitalization of $23.08 billion, a PE ratio of 15.70 and a beta of 1.09.

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.