Linscomb Wealth Inc. Sells 4,988 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Linscomb Wealth Inc. trimmed its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 26.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,124 shares of the exchange traded fund’s stock after selling 4,988 shares during the quarter. Linscomb Wealth Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $8,046,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDY. Ridgewood Investments LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the second quarter valued at about $25,000. Addison Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth about $27,000. DiNuzzo Private Wealth Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the third quarter worth approximately $28,000. Chris Bulman Inc bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 2nd quarter valued at $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR S&P MidCap 400 ETF Trust in the second quarter valued at $38,000.

SPDR S&P MidCap 400 ETF Trust Trading Down 1.1 %

MDY stock traded down $6.58 during trading on Friday, reaching $586.08. 307,340 shares of the stock were exchanged, compared to its average volume of 827,900. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $458.42 and a twelve month high of $609.69. The firm’s 50 day moving average is $571.32 and its 200 day moving average is $553.58. The firm has a market cap of $23.16 billion, a P/E ratio of 15.70 and a beta of 1.09.

SPDR S&P MidCap 400 ETF Trust Company 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.