Capstone Financial Advisors Inc. Cuts Stock Holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Capstone Financial Advisors Inc. lowered its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,734 shares of the exchange traded fund’s stock after selling 378 shares during the period. SPDR S&P MidCap 400 ETF Trust comprises approximately 0.6% of Capstone Financial Advisors Inc.’s holdings, making the stock its 20th biggest holding. Capstone Financial Advisors Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $8,962,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in SPDR S&P MidCap 400 ETF Trust by 8.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,398 shares of the exchange traded fund’s stock worth $3,644,000 after purchasing an additional 499 shares during the period. Beacon Pointe Advisors LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 5.9% during the fourth quarter. Beacon Pointe Advisors LLC now owns 9,426 shares of the exchange traded fund’s stock worth $5,369,000 after purchasing an additional 522 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth approximately $84,000. Johnson Financial Group Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 7.9% during the fourth quarter. Johnson Financial Group Inc. now owns 5,013 shares of the exchange traded fund’s stock worth $2,961,000 after purchasing an additional 365 shares during the period. Finally, Parallax Volatility Advisers L.P. purchased a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth approximately $1,542,000.

SPDR S&P MidCap 400 ETF Trust Stock Down 0.5 %

SPDR S&P MidCap 400 ETF Trust stock opened at $517.51 on Monday. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $458.82 and a 52-week high of $624.13. The firm has a fifty day moving average of $529.21 and a 200-day moving average of $567.12. The firm has a market capitalization of $21.18 billion, a P/E ratio of 17.11 and a beta of 1.07.

About SPDR S&P MidCap 400 ETF Trust

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.