PNC Financial Services Group Inc. Reduces Stake in SPDR S&P MidCap 400 ETF Trust $MDY

PNC Financial Services Group Inc. lowered its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 723,545 shares of the exchange traded fund’s stock after selling 21,151 shares during the quarter. PNC Financial Services Group Inc. owned 1.81% of SPDR S&P MidCap 400 ETF Trust worth $409,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MDY. Hancock Prospecting Pty Ltd acquired a new position in SPDR S&P MidCap 400 ETF Trust during the first quarter worth about $1,533,856,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth approximately $1,584,523,000. Northwestern Mutual Wealth Management Co. raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 3.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 576,635 shares of the exchange traded fund’s stock worth $307,624,000 after purchasing an additional 20,483 shares during the last quarter. Bank of Montreal Can raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.4% during the 2nd quarter. Bank of Montreal Can now owns 500,851 shares of the exchange traded fund’s stock worth $283,722,000 after purchasing an additional 1,910 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in SPDR S&P MidCap 400 ETF Trust by 7.0% in the 1st quarter. JPMorgan Chase & Co. now owns 429,365 shares of the exchange traded fund’s stock valued at $229,058,000 after buying an additional 28,167 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

SPDR S&P MidCap 400 ETF Trust stock opened at $596.54 on Wednesday. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $458.82 and a fifty-two week high of $624.13. The company has a market capitalization of $23.52 billion, a price-to-earnings ratio of 18.98 and a beta of 1.06. The stock has a fifty day moving average of $596.16 and a two-hundred day moving average of $576.67.

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.