L.M. Kohn & Company cut its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 51.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,370 shares of the exchange traded fund’s stock after selling 1,431 shares during the quarter. L.M. Kohn & Company’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $780,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Ridgewood Investments LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter worth $25,000. Addison Advisors LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust during the second quarter valued at $27,000. DiNuzzo Private Wealth Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth about $28,000. Chris Bulman Inc bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth about $38,000.
SPDR S&P MidCap 400 ETF Trust Price Performance
Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $615.86 on Friday. The stock’s 50-day moving average is $582.62 and its 200 day moving average is $558.66. SPDR S&P MidCap 400 ETF Trust has a one year low of $465.36 and a one year high of $624.13. The firm has a market cap of $24.34 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09.
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.
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