Prescott Group Capital Management L.L.C. cut its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 12.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,335 shares of the exchange traded fund’s stock after selling 5,988 shares during the period. SPDR S&P MidCap 400 ETF Trust makes up about 2.7% of Prescott Group Capital Management L.L.C.’s holdings, making the stock its 5th largest holding. Prescott Group Capital Management L.L.C. owned approximately 0.11% of SPDR S&P MidCap 400 ETF Trust worth $25,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 125.0% in the 3rd quarter. Activest Wealth Management now owns 54 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 30 shares during the last quarter. Brown Lisle Cummings Inc. increased its position in SPDR S&P MidCap 400 ETF Trust by 110.0% during the third quarter. Brown Lisle Cummings Inc. now owns 63 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 33 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in SPDR S&P MidCap 400 ETF Trust in the 2nd quarter valued at about $40,000. Cloud Capital Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at approximately $41,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth approximately $42,000.
SPDR S&P MidCap 400 ETF Trust Stock Performance
Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $644.50 on Friday. The stock has a 50 day moving average of $625.99 and a 200 day moving average of $603.60. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 18.98 and a beta of 1.06. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $458.82 and a fifty-two week high of $662.60.
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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.
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