Contravisory Investment Management Inc. Sells 131 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

Contravisory Investment Management Inc. reduced its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 24.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 395 shares of the exchange traded fund’s stock after selling 131 shares during the quarter. Contravisory Investment Management Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hancock Prospecting Pty Ltd bought a new position in SPDR S&P MidCap 400 ETF Trust in the first quarter valued at approximately $1,533,856,000. GAMMA Investing LLC boosted its stake in SPDR S&P MidCap 400 ETF Trust by 527,197.9% in the first quarter. GAMMA Investing LLC now owns 1,228,604 shares of the exchange traded fund’s stock valued at $655,436,000 after acquiring an additional 1,228,371 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in SPDR S&P MidCap 400 ETF Trust by 3.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 576,635 shares of the exchange traded fund’s stock valued at $307,624,000 after acquiring an additional 20,483 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SPDR S&P MidCap 400 ETF Trust by 7.0% in the first quarter. JPMorgan Chase & Co. now owns 429,365 shares of the exchange traded fund’s stock valued at $229,058,000 after acquiring an additional 28,167 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in SPDR S&P MidCap 400 ETF Trust by 246.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 378,239 shares of the exchange traded fund’s stock valued at $215,390,000 after acquiring an additional 269,180 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

MDY opened at $605.62 on Friday. The firm’s fifty day moving average is $586.65 and its two-hundred day moving average is $556.09. The firm has a market cap of $23.99 billion, a PE ratio of 18.98 and a beta of 1.12. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $458.82 and a twelve month high of $624.13.

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.