Private Wealth Asset Management LLC Lowers Stock Position in SPDR S&P MidCap 400 ETF Trust $MDY

Private Wealth Asset Management LLC lessened its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,925 shares of the exchange traded fund’s stock after selling 575 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for about 0.7% of Private Wealth Asset Management LLC’s holdings, making the stock its 27th biggest position. Private Wealth Asset Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $5,622,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MDY. Barnes Dennig Private Wealth Management LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter valued at approximately $27,000. Aviso Financial Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 1st quarter worth approximately $27,000. Alpine Bank Wealth Management purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 1st quarter worth approximately $32,000. Marshall Investment Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 1st quarter worth approximately $33,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth approximately $45,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of NYSEARCA:MDY opened at $594.38 on Wednesday. The business’s 50 day simple moving average is $592.51 and its 200-day simple moving average is $563.08. The firm has a market capitalization of $23.26 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.

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.