Welch & Forbes LLC cut its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,554 shares of the exchange traded fund’s stock after selling 5,199 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for 1.3% of Welch & Forbes LLC’s holdings, making the stock its 21st largest position. Welch & Forbes LLC owned about 0.41% of SPDR S&P MidCap 400 ETF Trust worth $99,640,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock worth $810,385,000 after purchasing an additional 87,207 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in SPDR S&P MidCap 400 ETF Trust by 5.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock valued at $500,741,000 after purchasing an additional 41,757 shares during the period. Moore Capital Management LP grew its holdings in SPDR S&P MidCap 400 ETF Trust by 73.2% in the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after buying an additional 267,800 shares in the last quarter. Raymond James Financial Inc. grew its holdings in SPDR S&P MidCap 400 ETF Trust by 5.4% in the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock valued at $336,626,000 after buying an additional 28,459 shares in the last quarter. Finally, Bank of Montreal Can increased its position in SPDR S&P MidCap 400 ETF Trust by 2.2% during the 4th quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock worth $309,959,000 after buying an additional 11,060 shares during the period.
SPDR S&P MidCap 400 ETF Trust Stock Down 0.1%
Shares of MDY traded down $0.40 during midday trading on Friday, reaching $689.82. 613,320 shares of the stock were exchanged, compared to its average volume of 968,925. The stock’s 50 day simple moving average is $681.67 and its 200 day simple moving average is $651.45. The company has a market cap of $27.23 billion, a P/E ratio of 18.98 and a beta of 1.00. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $559.89 and a twelve month high of $704.45.
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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