SPDR S&P MidCap 400 ETF Trust $MDY Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. reduced its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,215 shares of the exchange traded fund’s stock after selling 1,165 shares during the quarter. Pinnacle Associates Ltd. owned 0.15% of SPDR S&P MidCap 400 ETF Trust worth $39,538,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. High Point Wealth Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth approximately $34,000. Ascentis Independent Advisors purchased a new position in SPDR S&P MidCap 400 ETF Trust in the 1st quarter valued at $41,000. EFG International AG purchased a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $40,000. RMG Wealth Management LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust in the 1st quarter valued at $53,000. Finally, Acumen Wealth Advisors LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $48,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of MDY opened at $716.91 on Friday. The stock has a market capitalization of $27.59 billion, a P/E ratio of 18.98 and a beta of 1.01. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $568.21 and a 1 year high of $717.35. The company’s fifty day moving average is $693.35 and its two-hundred day moving average is $663.92.

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.