Pinnacle Associates Ltd. Sells 3,604 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

Pinnacle Associates Ltd. trimmed its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,147 shares of the exchange traded fund’s stock after selling 3,604 shares during the quarter. Pinnacle Associates Ltd. owned 0.15% of SPDR S&P MidCap 400 ETF Trust worth $33,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDY. Brighton Jones LLC boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 12.6% during the fourth quarter. Brighton Jones LLC now owns 2,040 shares of the exchange traded fund’s stock worth $1,162,000 after purchasing an additional 228 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter worth $3,372,000. First Horizon Advisors Inc. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.6% during the first quarter. First Horizon Advisors Inc. now owns 11,204 shares of the exchange traded fund’s stock worth $5,977,000 after purchasing an additional 69 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 14.2% during the first quarter. D.A. Davidson & CO. now owns 1,249 shares of the exchange traded fund’s stock worth $667,000 after purchasing an additional 155 shares in the last quarter. Finally, TKG Advisors LLC boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 4.9% during the first quarter. TKG Advisors LLC now owns 13,112 shares of the exchange traded fund’s stock worth $6,995,000 after purchasing an additional 608 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Down 1.1%

Shares of NYSEARCA MDY opened at $589.39 on Friday. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $458.82 and a twelve month high of $624.13. The company’s fifty day moving average is $596.59 and its 200-day moving average is $570.81. The stock has a market cap of $23.23 billion, a price-to-earnings ratio of 18.98 and a beta of 1.06.

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.