SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Stake Lessened by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. cut its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 13.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,356 shares of the exchange traded fund’s stock after selling 507 shares during the period. Sovereign Financial Group Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,703,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Peddock Capital Advisors LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 3.7% in the 4th quarter. Peddock Capital Advisors LLC now owns 16,397 shares of the exchange traded fund’s stock valued at $8,320,000 after buying an additional 589 shares in the last quarter. Welch & Forbes LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 13.9% during the 4th quarter. Welch & Forbes LLC now owns 185,128 shares of the exchange traded fund’s stock worth $93,930,000 after acquiring an additional 22,569 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 2.2% in the fourth quarter. Apollon Wealth Management LLC now owns 6,494 shares of the exchange traded fund’s stock valued at $3,295,000 after purchasing an additional 137 shares during the period. Lincoln National Corp boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 0.8% during the 4th quarter. Lincoln National Corp now owns 11,371 shares of the exchange traded fund’s stock worth $5,770,000 after buying an additional 89 shares during the period. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. raised its holdings in SPDR S&P MidCap 400 ETF Trust by 72.4% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 862 shares of the exchange traded fund’s stock worth $437,000 after acquiring an additional 362 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of SPDR S&P MidCap 400 ETF Trust stock traded down $2.38 during trading on Wednesday, reaching $542.30. The company’s stock had a trading volume of 706,415 shares, compared to its average volume of 939,816. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of 15.15 and a beta of 1.09. The business’s fifty day moving average price is $536.68 and its 200-day moving average price is $504.07. SPDR S&P MidCap 400 ETF Trust has a one year low of $424.22 and a one year high of $558.34.

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.