Sawgrass Asset Management LLC trimmed its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 15.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,393 shares of the exchange traded fund’s stock after selling 262 shares during the quarter. Sawgrass Asset Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $793,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the stock. West Financial Advisors LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at about $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter valued at about $28,000. New Wave Wealth Advisors LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at about $32,000. Brooklyn Investment Group bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at about $36,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter valued at about $68,000.
SPDR S&P MidCap 400 ETF Trust Stock Down 0.7 %
NYSEARCA:MDY opened at $579.11 on Thursday. The business’s 50-day moving average price is $586.02 and its 200 day moving average price is $575.30. The firm has a market cap of $22.89 billion, a P/E ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $501.24 and a 52-week 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.
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Want to see what other hedge funds are holding MDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report).
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