Pinnacle Associates Ltd. Lowers Stock Position in SPDR S&P MidCap 400 ETF Trust $MDY

Pinnacle Associates Ltd. decreased its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 56,215 shares of the exchange traded fund’s stock after selling 1,165 shares during the period. Pinnacle Associates Ltd.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $39,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDY. Moore Capital Management LP lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 73.2% in the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after buying an additional 267,800 shares during the period. Corient Private Wealth LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 98.3% in the second quarter. Corient Private Wealth LLC now owns 484,834 shares of the exchange traded fund’s stock valued at $274,651,000 after buying an additional 240,356 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 28.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 788,274 shares of the exchange traded fund’s stock valued at $469,835,000 after buying an additional 175,255 shares in the last quarter. Align Financial LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth $86,620,000. Finally, HRT Financial LP grew its holdings in SPDR S&P MidCap 400 ETF Trust by 131.9% during the fourth quarter. HRT Financial LP now owns 250,582 shares of the exchange traded fund’s stock worth $151,171,000 after acquiring an additional 142,512 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Performance

NYSEARCA:MDY opened at $716.91 on Friday. The stock has a fifty day moving average price of $693.35 and a two-hundred day moving average price of $663.92. The stock has a market capitalization of $27.59 billion, a price-to-earnings ratio of 18.98 and a beta of 1.01. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $568.21 and a 1 year high of $717.35.

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.