jvl associates llc reduced its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 0.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,865 shares of the exchange traded fund’s stock after selling 46 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for approximately 4.3% of jvl associates llc’s investment portfolio, making the stock its 8th biggest holding. jvl associates llc’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $11,315,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDY. SK Wealth Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at approximately $1,547,000. JPMorgan Chase & Co. boosted its stake in SPDR S&P MidCap 400 ETF Trust by 5.9% in the third quarter. JPMorgan Chase & Co. now owns 340,136 shares of the exchange traded fund’s stock valued at $193,762,000 after acquiring an additional 19,030 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in SPDR S&P MidCap 400 ETF Trust by 22.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,146 shares of the exchange traded fund’s stock valued at $3,500,000 after purchasing an additional 1,138 shares during the period. Inspire Trust Co. N.A. lifted its position in SPDR S&P MidCap 400 ETF Trust by 19.1% during 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 during the period. Finally, Franklin Resources Inc. lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 12.9% in the 3rd quarter. Franklin Resources Inc. now owns 16,107 shares of the exchange traded fund’s stock worth $9,334,000 after acquiring an additional 1,837 shares during the period.
SPDR S&P MidCap 400 ETF Trust Price Performance
NYSEARCA MDY traded up $6.57 on Friday, hitting $574.85. 483,293 shares of the company’s stock were exchanged, compared to its average volume of 766,657. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $487.66 and a fifty-two week high of $624.13. The firm has a market cap of $22.72 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. The firm’s 50-day moving average price is $590.70 and its two-hundred day moving average price is $566.33.
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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