SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Position Boosted by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 17.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,522 shares of the exchange traded fund’s stock after acquiring an additional 831 shares during the quarter. SPDR S&P MidCap 400 ETF Trust comprises 1.0% of Precedent Wealth Partners LLC’s portfolio, making the stock its 22nd largest holding. Precedent Wealth Partners LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $3,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MDY. International Assets Investment Management LLC increased its stake in SPDR S&P MidCap 400 ETF Trust by 62,301.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,172,826 shares of the exchange traded fund’s stock valued at $1,237,772,000 after buying an additional 2,169,344 shares during the period. US Bancorp DE grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 1.1% during the 3rd quarter. US Bancorp DE now owns 1,063,964 shares of the exchange traded fund’s stock valued at $606,098,000 after acquiring an additional 11,719 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 768,842 shares of the exchange traded fund’s stock worth $437,979,000 after acquiring an additional 5,825 shares during the last quarter. Raymond James & Associates raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 0.5% during the third quarter. Raymond James & Associates now owns 369,044 shares of the exchange traded fund’s stock worth $210,230,000 after acquiring an additional 1,811 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in SPDR S&P MidCap 400 ETF Trust by 5.9% during the third quarter. JPMorgan Chase & Co. now owns 340,136 shares of the exchange traded fund’s stock valued at $193,762,000 after purchasing an additional 19,030 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of NYSEARCA MDY opened at $597.49 on Friday. SPDR S&P MidCap 400 ETF Trust has a one year low of $495.53 and a one year high of $624.13. The business’s 50-day moving average price is $590.32 and its two-hundred day moving average price is $571.86. The company has a market capitalization of $23.61 billion, a P/E ratio of 15.70 and a beta of 1.09.

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.