Intelligent Financial Strategies reduced its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,743 shares of the exchange traded fund’s stock after selling 103 shares during the quarter. SPDR S&P MidCap 400 ETF Trust comprises approximately 1.1% of Intelligent Financial Strategies’ portfolio, making the stock its 14th largest holding. Intelligent Financial Strategies’ holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,127,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter worth $27,000. Aviso Financial Inc. acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter worth $27,000. Alpine Bank Wealth Management acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter worth $32,000. Marshall Investment Management LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter worth $33,000. Finally, RMG Wealth Management LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter worth $45,000.
SPDR S&P MidCap 400 ETF Trust Trading Up 1.4%
NYSEARCA MDY opened at $599.29 on Friday. The company has a market capitalization of $23.79 billion, a PE ratio of 18.98 and a beta of 1.12. The firm’s fifty day simple moving average is $594.83 and its 200-day simple moving average is $566.58. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $458.82 and a 1-year high of $624.13.
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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