Hsbc Holdings PLC Reduces Stake in SPDR S&P MidCap 400 ETF Trust $MDY

Hsbc Holdings PLC lowered its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 9.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 7,831 shares of the exchange traded fund’s stock after selling 854 shares during the quarter. Hsbc Holdings PLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $4,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MDY. Wells Fargo & Company MN lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock valued at $810,385,000 after acquiring an additional 87,207 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 5.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock valued at $500,741,000 after purchasing an additional 41,757 shares during the last quarter. Moore Capital Management LP increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 73.2% during the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after purchasing an additional 267,800 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 5.4% in the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock worth $336,626,000 after purchasing an additional 28,459 shares during the period. Finally, Bank of Montreal Can increased its holdings in SPDR S&P MidCap 400 ETF Trust by 2.2% during the fourth quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock valued at $309,959,000 after buying an additional 11,060 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $690.71 on Friday. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $559.89 and a 1-year high of $704.45. The company’s fifty day simple moving average is $685.43 and its 200-day simple moving average is $656.87. The stock has a market capitalization of $26.90 billion, a PE ratio of 18.98 and a beta of 1.00.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.