Alpha Wealth Funds LLC Cuts Stock Holdings in SPDR S&P MidCap 400 ETF Trust $MDY

Alpha Wealth Funds LLC reduced its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 4.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,702 shares of the exchange traded fund’s stock after selling 161 shares during the quarter. SPDR S&P MidCap 400 ETF Trust comprises 1.8% of Alpha Wealth Funds LLC’s portfolio, making the stock its 6th biggest holding. Alpha Wealth Funds LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Hancock Prospecting Pty Ltd bought a new position in SPDR S&P MidCap 400 ETF Trust during the first quarter valued at about $1,533,856,000. Kingstone Capital Partners Texas LLC bought a new position in SPDR S&P MidCap 400 ETF Trust during the second quarter valued at about $1,584,523,000. Northwestern Mutual Wealth Management Co. raised its holdings in SPDR S&P MidCap 400 ETF Trust by 3.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 576,635 shares of the exchange traded fund’s stock valued at $307,624,000 after buying an additional 20,483 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in SPDR S&P MidCap 400 ETF Trust by 7.0% during the first quarter. JPMorgan Chase & Co. now owns 429,365 shares of the exchange traded fund’s stock valued at $229,058,000 after buying an additional 28,167 shares in the last quarter. Finally, Waddell & Associates LLC raised its holdings in SPDR S&P MidCap 400 ETF Trust by 0.9% during the first quarter. Waddell & Associates LLC now owns 141,588 shares of the exchange traded fund’s stock valued at $75,535,000 after buying an additional 1,325 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

SPDR S&P MidCap 400 ETF Trust stock opened at $588.86 on Friday. The business’s 50-day simple moving average is $593.64 and its 200-day simple moving average is $564.17. The firm has a market capitalization of $23.37 billion, a PE ratio of 18.98 and a beta of 1.12. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $458.82 and a 52 week 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.