Investment Advisory Group LLC trimmed its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,445 shares of the exchange traded fund’s stock after selling 25 shares during the quarter. Investment Advisory Group LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,952,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. Barnes Dennig Private Wealth Management LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter valued at $27,000. Aviso Financial Inc. bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter valued at $27,000. Alpine Bank Wealth Management bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter valued at $32,000. Marshall Investment Management LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter valued at $33,000. Finally, RMG Wealth Management LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at $45,000.
SPDR S&P MidCap 400 ETF Trust Price Performance
Shares of NYSEARCA:MDY opened at $577.77 on Friday. The company has a market cap of $22.95 billion, a P/E ratio of 18.98 and a beta of 1.12. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $458.82 and a 1 year high of $624.13. The stock’s fifty day moving average price is $591.81 and its 200-day moving average price is $562.32.
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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