Edge Capital Group LLC cut its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,509 shares of the exchange traded fund’s stock after selling 424 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for 1.2% of Edge Capital Group LLC’s investment portfolio, making the stock its 23rd largest position. Edge Capital Group LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $21,934,000 as of its most recent SEC filing.
Other 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 4th 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 4th quarter valued at $32,000. Brooklyn Investment Group acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $36,000. Peterson Financial Group Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at $68,000. Finally, Newton One Investments LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $69,000.
SPDR S&P MidCap 400 ETF Trust Trading Down 2.4 %
Shares of MDY opened at $566.50 on Monday. The firm’s fifty day simple moving average is $582.15 and its 200-day simple moving average is $577.37. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 19.87 and a beta of 1.13. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $511.97 and a twelve month high of $624.13.
SPDR S&P MidCap 400 ETF Trust Company 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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