Sovereign Financial Group Inc. Reduces Holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Sovereign Financial Group Inc. trimmed its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,814 shares of the exchange traded fund’s stock after selling 87 shares during the quarter. Sovereign Financial Group Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Granite Bay Wealth Management LLC raised its holdings in SPDR S&P MidCap 400 ETF Trust by 6,346.6% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,113,449 shares of the exchange traded fund’s stock valued at $1,136,513,000 after buying an additional 2,080,665 shares during the last quarter. Pathstone Holdings LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at about $485,301,000. Scarborough Advisors LLC boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2,656.0% during the fourth quarter. Scarborough Advisors LLC now owns 303,791 shares of the exchange traded fund’s stock worth $154,137,000 after purchasing an additional 292,768 shares during the period. Strategic Financial Concepts LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 41,522.2% in the second quarter. Strategic Financial Concepts LLC now owns 237,663 shares of the exchange traded fund’s stock worth $127,169,000 after purchasing an additional 237,092 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 1st quarter valued at about $122,938,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY opened at $565.56 on Wednesday. SPDR S&P MidCap 400 ETF Trust has a one year low of $424.22 and a one year high of $574.28. The business has a 50 day simple moving average of $554.26 and a two-hundred day simple moving average of $545.42. The firm has a market capitalization of $22.35 billion, a price-to-earnings 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.