Pinnacle Financial Partners Inc lessened its holdings in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,324 shares of the exchange traded fund’s stock after selling 1,830 shares during the quarter. Pinnacle Financial Partners Inc owned approximately 0.08% of SPDR S&P MidCap 400 ETF Trust worth $18,983,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter worth $25,000. Addison Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the 2nd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at $28,000. Chris Bulman Inc bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter worth approximately $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 2nd quarter valued at $38,000.
SPDR S&P MidCap 400 ETF Trust Price Performance
Shares of MDY stock opened at $601.25 on Wednesday. The stock has a 50-day moving average of $569.40 and a 200-day moving average of $553.00. The stock has a market cap of $23.76 billion, a PE ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a one year low of $443.16 and a one year high of $609.69.
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.
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