Element Wealth LLC Sells 150 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Element Wealth LLC lowered its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 3.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,336 shares of the exchange traded fund’s stock after selling 150 shares during the period. SPDR S&P MidCap 400 ETF Trust comprises 1.3% of Element Wealth LLC’s holdings, making the stock its 19th largest position. Element Wealth LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 4.5% during the first quarter. Avantax Advisory Services Inc. now owns 21,291 shares of the exchange traded fund’s stock valued at $11,846,000 after acquiring an additional 921 shares in the last quarter. First Foundation Advisors raised its stake in SPDR S&P MidCap 400 ETF Trust by 28.5% during the 1st quarter. First Foundation Advisors now owns 699 shares of the exchange traded fund’s stock worth $389,000 after acquiring an additional 155 shares during the period. WealthPLAN Partners LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 14.5% in the 1st quarter. WealthPLAN Partners LLC now owns 1,339 shares of the exchange traded fund’s stock worth $745,000 after buying an additional 170 shares during the period. &PARTNERS grew its position in shares of SPDR S&P MidCap 400 ETF Trust by 14.3% during the second quarter. &PARTNERS now owns 1,134 shares of the exchange traded fund’s stock worth $607,000 after purchasing an additional 142 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 25.6% during the second quarter. Brighton Jones LLC now owns 2,047 shares of the exchange traded fund’s stock worth $1,095,000 after acquiring an additional 417 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of NYSEARCA MDY opened at $571.10 on Friday. The firm’s fifty day moving average is $562.70 and its two-hundred day moving average is $547.69. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $424.22 and a 52-week high of $585.50. The company has a market cap of $22.57 billion, a P/E ratio of 15.70 and a beta of 1.09.

SPDR S&P MidCap 400 ETF Trust Company 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.