Diversified Portfolios Inc. Cuts Stock Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Diversified Portfolios Inc. cut its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,871 shares of the exchange traded fund’s stock after selling 38 shares during the quarter. Diversified Portfolios Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $6,193,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MDY. Black Swift Group LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter worth $14,417,000. Zions Bancorporation N.A. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 17.6% in the 3rd quarter. Zions Bancorporation N.A. now owns 2,589 shares of the exchange traded fund’s stock worth $1,475,000 after buying an additional 388 shares in the last quarter. Summit Asset Management LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 36.5% during the 3rd quarter. Summit Asset Management LLC now owns 748 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 200 shares during the period. Empower Advisory Group LLC boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 15.9% during the 3rd quarter. Empower Advisory Group LLC now owns 526 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 72 shares during the last quarter. Finally, Paulson Wealth Management Inc. raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 14.0% during the third quarter. Paulson Wealth Management Inc. now owns 6,658 shares of the exchange traded fund’s stock valued at $3,793,000 after purchasing an additional 819 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

SPDR S&P MidCap 400 ETF Trust stock traded down $2.31 during midday trading on Thursday, reaching $595.57. 215,351 shares of the company traded hands, compared to its average volume of 827,166. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $458.42 and a 12 month high of $609.69. The business has a 50 day moving average of $570.38 and a two-hundred day moving average of $553.31. The firm has a market capitalization of $23.54 billion, a price-to-earnings 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.