Charter Research & Investment Group Inc. Has $3.54 Million Stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Charter Research & Investment Group Inc. trimmed its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,212 shares of the exchange traded fund’s stock after selling 134 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for 2.7% of Charter Research & Investment Group Inc.’s portfolio, making the stock its 10th biggest holding. Charter Research & Investment Group Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $3,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at $26,000. West Financial Advisors LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth about $28,000. New Wave Wealth Advisors LLC bought a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $32,000. Brooklyn Investment Group bought a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $36,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth $40,000.

SPDR S&P MidCap 400 ETF Trust Stock Down 1.8 %

Shares of NYSEARCA:MDY opened at $532.23 on Friday. The stock has a market capitalization of $21.83 billion, a PE ratio of 18.90 and a beta of 1.14. The firm’s 50 day moving average price is $567.18 and its 200-day moving average price is $576.38. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $511.97 and a twelve month high of $624.13.

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.