New Century Financial Group LLC Lowers Stake in SPDR S&P MidCap 400 ETF Trust $MDY

New Century Financial Group LLC cut its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,212 shares of the exchange traded fund’s stock after selling 153 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for 4.1% of New Century Financial Group LLC’s portfolio, making the stock its 2nd largest holding. New Century Financial Group LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $3,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MDY. Barnes Dennig Private Wealth Management LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust during the first quarter valued at about $27,000. Aviso Financial Inc. bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 1st quarter valued at approximately $27,000. Alpine Bank Wealth Management purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth approximately $32,000. Marshall Investment Management LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 1st quarter worth approximately $33,000. Finally, City Holding Co. raised its stake in SPDR S&P MidCap 400 ETF Trust by 80.0% during the 1st quarter. City Holding Co. now owns 90 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 40 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Performance

MDY opened at $598.75 on Friday. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 18.98 and a beta of 1.12. The firm’s fifty day moving average is $590.10 and its 200 day moving average is $560.11. 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.

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.