Meridian Wealth Management LLC reduced its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,460 shares of the exchange traded fund’s stock after selling 116 shares during the quarter. Meridian Wealth Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,540,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PFG Investments LLC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 17.3% during the fourth quarter. PFG Investments LLC now owns 767 shares of the exchange traded fund’s stock worth $437,000 after buying an additional 113 shares in the last quarter. Flagstar Advisors Inc. grew its stake in SPDR S&P MidCap 400 ETF Trust by 2.7% during the 3rd quarter. Flagstar Advisors Inc. now owns 5,700 shares of the exchange traded fund’s stock valued at $3,256,000 after acquiring an additional 152 shares in the last quarter. Inspire Trust Co. N.A. raised its holdings in SPDR S&P MidCap 400 ETF Trust by 19.1% in the 3rd quarter. Inspire Trust Co. N.A. now owns 11,822 shares of the exchange traded fund’s stock valued at $6,735,000 after acquiring an additional 1,900 shares during the last quarter. Frisch Financial Group Inc. raised its holdings in SPDR S&P MidCap 400 ETF Trust by 7.4% in the 3rd quarter. Frisch Financial Group Inc. now owns 2,129 shares of the exchange traded fund’s stock valued at $1,216,000 after acquiring an additional 146 shares during the last quarter. Finally, Benchmark Financial Wealth Advisors LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 2.4% in the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 8,053 shares of the exchange traded fund’s stock worth $4,588,000 after purchasing an additional 187 shares in the last quarter.
SPDR S&P MidCap 400 ETF Trust Price Performance
MDY stock opened at $552.91 on Tuesday. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $511.97 and a 1 year high of $624.13. The firm has a market capitalization of $23.29 billion, a PE ratio of 19.87 and a beta of 1.13. The business has a 50 day simple moving average of $580.26 and a 200-day simple moving average of $578.36.
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.
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