Pittenger & Anderson Inc. Reduces Holdings in SPDR S&P MidCap 400 ETF Trust $MDY

Pittenger & Anderson Inc. trimmed its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 9.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 58,782 shares of the exchange traded fund’s stock after selling 6,050 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for 1.4% of Pittenger & Anderson Inc.’s investment portfolio, making the stock its 15th largest holding. Pittenger & Anderson Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $36,254,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 6.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock worth $810,385,000 after acquiring an additional 87,207 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in SPDR S&P MidCap 400 ETF Trust by 5.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock valued at $500,741,000 after purchasing an additional 41,757 shares during the last quarter. Moore Capital Management LP raised its position in SPDR S&P MidCap 400 ETF Trust by 73.2% in the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock worth $358,993,000 after purchasing an additional 267,800 shares during the period. Raymond James Financial Inc. lifted its stake in SPDR S&P MidCap 400 ETF Trust by 5.4% in the fourth quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock worth $336,626,000 after purchasing an additional 28,459 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in SPDR S&P MidCap 400 ETF Trust by 2.2% in the fourth quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock worth $309,959,000 after purchasing an additional 11,060 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of NYSEARCA:MDY traded down $0.40 during trading hours on Friday, hitting $689.82. 613,320 shares of the company’s stock traded hands, compared to its average volume of 968,925. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $559.89 and a 1 year high of $704.45. The business has a fifty day moving average price of $681.67 and a 200-day moving average price of $651.45. The firm has a market capitalization of $27.23 billion, a P/E ratio of 18.98 and a beta of 1.00.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.