Bessemer Group Inc. trimmed its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 61.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 34,643 shares of the exchange traded fund’s stock after selling 54,594 shares during the period. Bessemer Group Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $21,366,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 177.8% during the 4th quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 32 shares during the period. High Point Wealth Management LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $34,000. EFG International AG purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $40,000. Ascentis Independent Advisors bought a new position in SPDR S&P MidCap 400 ETF Trust during the first quarter valued at approximately $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in SPDR S&P MidCap 400 ETF Trust by 255.0% during 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 Trading Down 0.6%
Shares of MDY stock opened at $688.75 on Friday. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $559.89 and a 12-month high of $704.45. The firm’s 50 day moving average is $683.37 and its 200 day moving average is $654.04. The stock has a market capitalization of $26.88 billion, a P/E ratio of 18.98 and a beta of 1.00.
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.
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