PNC Financial Services Group Inc. lowered its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 699,307 shares of the exchange traded fund’s stock after selling 5,326 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $431,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of MDY. Financial & Tax Architects LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter worth approximately $4,743,000. Savvy Advisors Inc. bought a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $620,000. Daytona Street Capital LLC bought a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $633,000. Northland Securities Inc. purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth approximately $560,000. Finally, Clear Trail Advisors LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth approximately $575,000.
SPDR S&P MidCap 400 ETF Trust Trading Up 1.0%
NYSEARCA:MDY opened at $690.43 on Wednesday. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $559.89 and a 12 month high of $704.45. The company has a market cap of $27.02 billion, a PE ratio of 18.98 and a beta of 1.00. The company has a 50 day simple moving average of $683.99 and a two-hundred day simple moving average of $655.48.
SPDR S&P MidCap 400 ETF Trust Company 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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