Institute for Wealth Management LLC. Sells 400 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Institute for Wealth Management LLC. cut its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 38.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 640 shares of the exchange traded fund’s stock after selling 400 shares during the period. Institute for Wealth Management LLC.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $365,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. PFG Investments LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 17.3% in the 4th quarter. PFG Investments LLC now owns 767 shares of the exchange traded fund’s stock valued at $437,000 after purchasing an additional 113 shares during the last quarter. Flagstar Advisors Inc. lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 2.7% in the third quarter. Flagstar Advisors Inc. now owns 5,700 shares of the exchange traded fund’s stock valued at $3,256,000 after buying an additional 152 shares during the period. Signaturefd LLC boosted its position in SPDR S&P MidCap 400 ETF Trust by 884.1% during the third quarter. Signaturefd LLC now owns 620 shares of the exchange traded fund’s stock valued at $353,000 after acquiring an additional 557 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in SPDR S&P MidCap 400 ETF Trust by 16.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,719 shares of the exchange traded fund’s stock worth $1,455,000 after acquiring an additional 376 shares during the period. Finally, Inspire Trust Co. N.A. raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 19.1% in the 3rd quarter. Inspire Trust Co. N.A. now owns 11,822 shares of the exchange traded fund’s stock worth $6,735,000 after acquiring an additional 1,900 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $590.68 on Friday. The stock’s 50-day moving average is $590.36 and its 200 day moving average is $573.31. SPDR S&P MidCap 400 ETF Trust has a one year low of $495.53 and a one year high of $624.13. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09.

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.