PNC Financial Services Group Inc. Cuts Position in SPDR S&P MidCap 400 ETF Trust $MDY

PNC Financial Services Group Inc. decreased its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 699,307 shares of the exchange traded fund’s stock after selling 5,326 shares during the period. PNC Financial Services Group Inc. owned 1.78% of SPDR S&P MidCap 400 ETF Trust worth $431,304,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Sound Income Strategies LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 177.8% in the fourth quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 32 shares in the last quarter. High Point Wealth Management LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $34,000. EFG International AG bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at $40,000. Ascentis Independent Advisors purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth about $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 255.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 71 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 51 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $690.43 on Wednesday. The stock has a market cap of $27.02 billion, a price-to-earnings ratio of 18.98 and a beta of 1.00. The firm’s 50-day moving average is $683.99 and its 200 day moving average is $655.48. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $559.89 and a 1 year high of $704.45.

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