Kestra Advisory Services LLC Raises Stake in SPDR S&P MidCap 400 ETF Trust $MDY

Kestra Advisory Services LLC increased its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 42.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 37,293 shares of the exchange traded fund’s stock after buying an additional 11,174 shares during the period. Kestra Advisory Services LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $23,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in SPDR S&P MidCap 400 ETF Trust by 6.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock valued at $810,385,000 after acquiring an additional 87,207 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 5.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock worth $500,741,000 after acquiring an additional 41,757 shares during the period. Moore Capital Management LP increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 73.2% in the second quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock worth $358,993,000 after acquiring an additional 267,800 shares during the period. Raymond James Financial Inc. raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 5.4% during 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 raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.2% during 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 Stock Performance

NYSEARCA MDY traded down $0.40 on Friday, reaching $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 fifty-two week low of $559.89 and a fifty-two week high of $704.45. The firm has a market cap of $27.23 billion, a price-to-earnings ratio of 18.98 and a beta of 1.00. The stock has a 50 day moving average price of $681.67 and a 200-day moving average price of $651.45.

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.