SPDR S&P MidCap 400 ETF Trust $MDY Stake Trimmed by First Merchants Corp

First Merchants Corp lowered its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 3.3% during the second quarter, HoldingsChannel reports. The firm owned 16,073 shares of the exchange traded fund’s stock after selling 543 shares during the period. First Merchants Corp’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $9,105,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. lifted its stake in SPDR S&P MidCap 400 ETF Trust by 2.7% during the second quarter. Measured Risk Portfolios Inc. now owns 716 shares of the exchange traded fund’s stock worth $406,000 after purchasing an additional 19 shares during the period. Stratos Wealth Partners LTD. lifted its stake in SPDR S&P MidCap 400 ETF Trust by 0.5% during the first quarter. Stratos Wealth Partners LTD. now owns 3,945 shares of the exchange traded fund’s stock worth $2,105,000 after purchasing an additional 20 shares during the period. Cambridge Advisors Inc. lifted its stake in SPDR S&P MidCap 400 ETF Trust by 0.5% during the second quarter. Cambridge Advisors Inc. now owns 3,894 shares of the exchange traded fund’s stock worth $2,206,000 after purchasing an additional 20 shares during the period. Park Avenue Securities LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 5.3% during the first quarter. Park Avenue Securities LLC now owns 419 shares of the exchange traded fund’s stock worth $223,000 after purchasing an additional 21 shares during the period. Finally, Gateway Wealth Partners LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 4.7% during the first quarter. Gateway Wealth Partners LLC now owns 471 shares of the exchange traded fund’s stock worth $251,000 after purchasing an additional 21 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Up 1.0%

Shares of MDY opened at $600.97 on Thursday. The stock has a market cap of $23.73 billion, a price-to-earnings ratio of 18.98 and a beta of 1.12. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $458.82 and a 12 month high of $624.13. The company has a 50-day moving average price of $591.22 and a two-hundred day moving average price of $561.72.

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.