Summit Investment Advisors Inc. Decreases Stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Summit Investment Advisors Inc. cut its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,045 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. Summit Investment Advisors Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $10,278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp acquired a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $26,000. West Financial Advisors LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $28,000. New Wave Wealth Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth $32,000. Brooklyn Investment Group purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $36,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at about $40,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of MDY stock opened at $497.47 on Friday. The stock has a market cap of $20.41 billion, a PE ratio of 18.90 and a beta of 1.14. 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 has a fifty day moving average price of $545.49 and a 200 day moving average price of $571.45.

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.