Arbor Trust Wealth Advisors LLC Sells 235 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Arbor Trust Wealth Advisors LLC reduced its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,638 shares of the exchange traded fund’s stock after selling 235 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for 3.7% of Arbor Trust Wealth Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Arbor Trust Wealth Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $7,797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MDY. DiNuzzo Private Wealth Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at about $28,000. West Financial Advisors LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $28,000. Brooklyn Investment Group purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth about $36,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter worth $64,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter valued at about $67,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of MDY opened at $591.11 on Friday. The stock has a 50-day moving average price of $590.29 and a 200 day moving average price of $569.57. SPDR S&P MidCap 400 ETF Trust has a one year low of $490.24 and a one year high of $624.13. The company has a market capitalization of $23.36 billion, a P/E ratio of 15.70 and a beta of 1.09.

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.