Mirae Asset Securities USA Inc. Sells 27,813 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

Mirae Asset Securities USA Inc. reduced its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 25.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 83,318 shares of the exchange traded fund’s stock after selling 27,813 shares during the period. SPDR S&P MidCap 400 ETF Trust comprises about 1.9% of Mirae Asset Securities USA Inc.’s holdings, making the stock its 8th largest position. Mirae Asset Securities USA Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $51,387,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MDY. Sound Income Strategies LLC lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 177.8% during the 4th quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 32 shares during the last quarter. High Point Wealth Management LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $34,000. EFG International AG acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $40,000. Ascentis Independent Advisors acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter worth $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 255.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 71 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 51 shares during the period.

SPDR S&P MidCap 400 ETF Trust Trading Down 1.2%

Shares of MDY opened at $688.12 on Wednesday. The stock’s 50 day moving average is $679.97 and its two-hundred day moving average is $650.11. The firm has a market capitalization of $27.06 billion, a PE ratio of 18.98 and a beta of 1.00. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $559.89 and a twelve month high of $704.45.

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.