Novare Capital Management LLC Sells 70 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Novare Capital Management LLC lowered its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 10.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 591 shares of the exchange traded fund’s stock after selling 70 shares during the period. Novare Capital Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $316,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 115.6% during the fourth quarter. Victory Capital Management Inc. now owns 16,990 shares of the exchange traded fund’s stock valued at $8,620,000 after buying an additional 9,110 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 14.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,959 shares of the exchange traded fund’s stock valued at $994,000 after purchasing an additional 251 shares in the last quarter. Sapient Capital LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $312,000. Sheets Smith Wealth Management acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $234,000. Finally, Apollon Wealth Management LLC grew its stake in SPDR S&P MidCap 400 ETF Trust by 2.2% in the 4th quarter. Apollon Wealth Management LLC now owns 6,494 shares of the exchange traded fund’s stock valued at $3,295,000 after acquiring an additional 137 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Down 2.6 %

Shares of MDY opened at $550.64 on Wednesday. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $424.22 and a 52-week high of $574.11. The firm’s fifty day moving average is $547.45 and its two-hundred day moving average is $540.78. The stock has a market cap of $21.76 billion, a PE ratio of 15.70 and a beta of 1.09.

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.