Portland Global Advisors LLC cut its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,064 shares of the exchange traded fund’s stock after selling 1,597 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for approximately 5.1% of Portland Global Advisors LLC’s holdings, making the stock its 3rd biggest holding. Portland Global Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $39,907,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth approximately $26,000. West Financial Advisors LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth approximately $28,000. New Wave Wealth Advisors LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $32,000. Brooklyn Investment Group acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth approximately $36,000. Finally, CoreFirst Bank & Trust acquired a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth about $40,000.
SPDR S&P MidCap 400 ETF Trust Stock Down 1.8 %
Shares of NYSEARCA MDY opened at $532.23 on Friday. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $511.97 and a 12 month high of $624.13. The company has a market cap of $21.83 billion, a price-to-earnings ratio of 18.90 and a beta of 1.14. The business has a fifty day simple moving average of $567.18 and a 200-day simple moving average of $576.38.
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.
See Also
- Five stocks we like better than SPDR S&P MidCap 400 ETF Trust
- Should You Invest in Penny Stocks?
- MarketBeat Week in Review – 03/24 – 03/28
- How to Most Effectively Use the MarketBeat Earnings Screener
- Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low
- How to Use High Beta Stocks to Maximize Your Investing Profits
- 4 Healthcare Stocks With Massive Gains—and More to Come
Want to see what other hedge funds are holding MDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report).
Receive News & Ratings for SPDR S&P MidCap 400 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P MidCap 400 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.
