SPDR S&P MidCap 400 ETF Trust $MDY Stock: Meridian Investment Counsel Inc. Reduces Stake

Meridian Investment Counsel Inc. lessened its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 15.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,965 shares of the exchange traded fund’s stock after selling 1,227 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for about 1.0% of Meridian Investment Counsel Inc.’s investment portfolio, making the stock its 21st largest holding. Meridian Investment Counsel Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $4,574,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MDY. Northwestern Mutual Wealth Management Co. increased its position in SPDR S&P MidCap 400 ETF Trust by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 903,341 shares of the exchange traded fund’s stock worth $635,355,000 after purchasing an additional 38,573 shares during the period. Corient Private Wealth LLC raised its holdings in SPDR S&P MidCap 400 ETF Trust by 2.2% during the 4th quarter. Corient Private Wealth LLC now owns 240,736 shares of the exchange traded fund’s stock worth $145,264,000 after purchasing an additional 5,156 shares during the last quarter. SG Americas Securities LLC raised its holdings in SPDR S&P MidCap 400 ETF Trust by 78.9% during the 1st quarter. SG Americas Securities LLC now owns 153,398 shares of the exchange traded fund’s stock worth $94,610,000 after purchasing an additional 67,638 shares during the last quarter. Align Financial LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $86,620,000. Finally, Whittier Trust Co. lifted its position in SPDR S&P MidCap 400 ETF Trust by 4.0% during the 1st quarter. Whittier Trust Co. now owns 133,073 shares of the exchange traded fund’s stock valued at $83,197,000 after purchasing an additional 5,097 shares during the period.

SPDR S&P MidCap 400 ETF Trust Trading Down 1.3%

Shares of NYSEARCA MDY opened at $659.52 on Thursday. The firm has a market capitalization of $25.42 billion, a PE 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 firm’s 50-day moving average is $682.77 and its 200-day moving average is $676.75.

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.