Element Wealth LLC Decreases Stock Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Element Wealth LLC cut its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,346 shares of the exchange traded fund’s stock after selling 71 shares during the period. SPDR S&P MidCap 400 ETF Trust comprises about 1.4% of Element Wealth LLC’s holdings, making the stock its 17th largest holding. Element Wealth LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDY. Moneta Group Investment Advisors LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 250,264.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,523,871 shares of the exchange traded fund’s stock valued at $4,217,075,000 after buying an additional 9,520,067 shares in the last quarter. Granite Bay Wealth Management LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 1.3% in the fourth quarter. Granite Bay Wealth Management LLC now owns 2,570,040 shares of the exchange traded fund’s stock valued at $1,192,724,000 after buying an additional 33,187 shares in the last quarter. International Assets Investment Management LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 47,016.7% in the fourth quarter. International Assets Investment Management LLC now owns 1,505,851 shares of the exchange traded fund’s stock valued at $764,039,000 after buying an additional 1,502,655 shares in the last quarter. Morgan Stanley raised its stake in SPDR S&P MidCap 400 ETF Trust by 8.2% in the fourth quarter. Morgan Stanley now owns 1,140,904 shares of the exchange traded fund’s stock valued at $505,181,000 after buying an additional 86,561 shares in the last quarter. Finally, Pathstone Family Office LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 50,563.5% in the third quarter. Pathstone Family Office LLC now owns 963,113 shares of the exchange traded fund’s stock valued at $439,796,000 after buying an additional 961,212 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY traded down $8.14 during midday trading on Friday, reaching $529.94. 940,026 shares of the stock were exchanged, compared to its average volume of 958,351. The business’s 50-day moving average price is $531.94 and its 200 day moving average price is $494.47. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $424.22 and a twelve month high of $558.34. The company has a market capitalization of $21.35 billion, a price-to-earnings ratio of 15.42 and a beta of 1.12.

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.