IFP Advisors Inc trimmed its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 86.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 861 shares of the exchange traded fund’s stock after selling 5,448 shares during the quarter. IFP Advisors Inc’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $490,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. West Financial Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth $28,000. New Wave Wealth Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth $32,000. Brooklyn Investment Group purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth $36,000. Peterson Financial Group Inc. purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter worth $68,000. Finally, Newton One Investments LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth $69,000.
SPDR S&P MidCap 400 ETF Trust Price Performance
MDY stock opened at $565.80 on Friday. The company has a market cap of $23.83 billion, a P/E ratio of 19.87 and a beta of 1.13. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $511.97 and a 1 year high of $624.13. The stock’s fifty day moving average price is $580.64 and its 200-day moving average price is $577.81.
SPDR S&P MidCap 400 ETF Trust Company 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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