SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Position Trimmed by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lowered its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,322 shares of the exchange traded fund’s stock after selling 222 shares during the period. United Capital Financial Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $3,601,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of MDY. J.Safra Asset Management Corp purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth approximately $26,000. West Financial Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $28,000. New Wave Wealth Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $32,000. Brooklyn Investment Group purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $36,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth $40,000.

SPDR S&P MidCap 400 ETF Trust Trading Up 0.9 %

Shares of MDY stock opened at $501.78 on Friday. The stock’s fifty day simple moving average is $538.46 and its 200-day simple moving average is $569.57. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 17.11 and a beta of 1.07. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $458.82 and a 1-year high of $624.13.

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.