SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Stake Lowered by Wellspring Financial Advisors LLC

Wellspring Financial Advisors LLC cut its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,317 shares of the exchange traded fund’s stock after selling 592 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up 0.2% of Wellspring Financial Advisors LLC’s portfolio, making the stock its 27th biggest holding. Wellspring Financial Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $13,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth about $26,000. West Financial Advisors LLC bought a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $28,000. New Wave Wealth Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group bought a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth approximately $36,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth $40,000.

SPDR S&P MidCap 400 ETF Trust Trading Down 4.9 %

MDY stock opened at $483.74 on Monday. The firm has a market cap of $19.84 billion, a PE ratio of 18.90 and a beta of 1.14. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $473.27 and a 1 year high of $624.13. The company has a fifty day simple moving average of $559.58 and a 200 day simple moving average of $575.37.

SPDR S&P MidCap 400 ETF Trust 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.