Meridian Investment Counsel Inc. Sells 1,227 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

by · The Markets Daily

Meridian Investment Counsel Inc. trimmed its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 15.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,965 shares of the exchange traded fund’s stock after selling 1,227 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for approximately 1.0% of Meridian Investment Counsel Inc.’s holdings, making the stock its 21st largest holding. Meridian Investment Counsel Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $4,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDY. Northwestern Mutual Wealth Management Co. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 903,341 shares of the exchange traded fund’s stock valued at $635,355,000 after buying an additional 38,573 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.2% in the fourth quarter. Corient Private Wealth LLC now owns 240,736 shares of the exchange traded fund’s stock valued at $145,264,000 after buying an additional 5,156 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 78.9% in the first quarter. SG Americas Securities LLC now owns 153,398 shares of the exchange traded fund’s stock valued at $94,610,000 after buying an additional 67,638 shares during the last quarter. Align Financial LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $86,620,000. Finally, Whittier Trust Co. lifted its position in SPDR S&P MidCap 400 ETF Trust by 4.0% during the 1st quarter. Whittier Trust Co. now owns 133,073 shares of the exchange traded fund’s stock worth $83,197,000 after buying an additional 5,097 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Down 1.3%

Shares of NYSEARCA MDY opened at $659.52 on Thursday. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $568.21 and a 12-month high of $717.35. The firm’s 50-day simple moving average is $682.77 and its 200 day simple moving average is $676.75. The company has a market cap of $25.42 billion, a price-to-earnings ratio of 18.98 and a beta of 1.01.

About SPDR S&P MidCap 400 ETF Trust

(Free Report)

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.

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