Wealth Alliance LLC Cuts Stake in SPDR S&P MidCap 400 ETF Trust $MDY

Wealth Alliance LLC cut its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 60.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 665 shares of the exchange traded fund’s stock after selling 1,020 shares during the quarter. Wealth Alliance LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDY. Sound Income Strategies LLC grew its stake in shares of 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 acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $34,000. EFG International AG acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $40,000. Ascentis Independent Advisors purchased a new position in SPDR S&P MidCap 400 ETF Trust in the first quarter valued at $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 255.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 71 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 51 shares during the period.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY opened at $690.71 on Monday. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $559.89 and a 12 month high of $704.45. The stock has a market capitalization of $26.90 billion, a price-to-earnings ratio of 18.98 and a beta of 1.00. The business has a fifty day moving average price of $685.43 and a 200 day moving average price of $657.13.

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.