Commonwealth Equity Services LLC Sells 30,278 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Commonwealth Equity Services LLC reduced its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 22.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 103,203 shares of the exchange traded fund’s stock after selling 30,278 shares during the period. Commonwealth Equity Services LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $58,782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in SPDR S&P MidCap 400 ETF Trust by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 768,842 shares of the exchange traded fund’s stock worth $437,979,000 after buying an additional 5,825 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 8,245.4% during the 4th quarter. Proficio Capital Partners LLC now owns 580,841 shares of the exchange traded fund’s stock worth $330,835,000 after acquiring an additional 573,881 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $328,419,000. Strategic Financial Concepts LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 89,108.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 377,352 shares of the exchange traded fund’s stock worth $214,932,000 after acquiring an additional 376,929 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 5.9% in the third quarter. JPMorgan Chase & Co. now owns 340,136 shares of the exchange traded fund’s stock valued at $193,762,000 after purchasing an additional 19,030 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY opened at $522.96 on Friday. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $511.97 and a fifty-two week high of $624.13. The company’s 50-day moving average is $574.81 and its 200 day moving average is $577.06. The firm has a market capitalization of $21.65 billion, a P/E ratio of 18.55 and a beta of 1.14.

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.