Novare Capital Management LLC cut its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 541 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Novare Capital Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $306,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Aviso Financial Inc. bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 1st quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 1st quarter worth approximately $27,000. Alpine Bank Wealth Management bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 1st quarter worth approximately $32,000. Marshall Investment Management LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 1st quarter worth approximately $33,000. Finally, RMG Wealth Management LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth approximately $45,000.
SPDR S&P MidCap 400 ETF Trust Stock Performance
NYSEARCA MDY opened at $588.86 on Friday. The business has a 50 day simple moving average of $593.64 and a 200 day simple moving average of $564.17. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $458.82 and a 52-week high of $624.13. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of 18.98 and a beta of 1.12.
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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