Palisade Asset Management LLC Sells 1,026 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Palisade Asset Management LLC trimmed its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 8.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 10,510 shares of the exchange traded fund’s stock after selling 1,026 shares during the quarter. Palisade Asset Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $5,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Titleist Asset Management LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 2.4% in the fourth quarter. Titleist Asset Management LLC now owns 816 shares of the exchange traded fund’s stock worth $465,000 after acquiring an additional 19 shares during the period. Zacks Investment Management lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 3.1% in the 4th quarter. Zacks Investment Management now owns 629 shares of the exchange traded fund’s stock worth $358,000 after purchasing an additional 19 shares during the period. Rothschild Investment LLC lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 20.0% in the 4th quarter. Rothschild Investment LLC now owns 120 shares of the exchange traded fund’s stock worth $69,000 after purchasing an additional 20 shares during the period. Park Avenue Securities LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 5.3% during the 1st quarter. Park Avenue Securities LLC now owns 419 shares of the exchange traded fund’s stock valued at $223,000 after purchasing an additional 21 shares in the last quarter. Finally, Napa Wealth Management increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 3.0% during the fourth quarter. Napa Wealth Management now owns 749 shares of the exchange traded fund’s stock valued at $427,000 after buying an additional 22 shares during the period.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY stock opened at $557.09 on Tuesday. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $458.82 and a 1 year high of $624.13. The firm has a 50-day moving average of $540.69 and a 200 day moving average of $554.84. The company has a market cap of $22.27 billion, a P/E ratio of 18.14 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.