Conning Inc. reduced its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 12.4% during the third quarter, Holdings Channel reports. The institutional investor owned 39,768 shares of the exchange traded fund’s stock after selling 5,654 shares during the quarter. Conning Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $22,654,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of MDY. Ridgewood Investments LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter valued at $25,000. Ruedi Wealth Management Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the first quarter worth about $26,000. Addison Advisors LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the second quarter worth about $27,000. DiNuzzo Private Wealth Inc. purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 3rd quarter valued at about $28,000. Finally, Chris Bulman Inc bought a new position in SPDR S&P MidCap 400 ETF Trust during the 2nd quarter valued at approximately $30,000.
SPDR S&P MidCap 400 ETF Trust Stock Performance
Shares of MDY stock opened at $566.79 on Friday. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $439.14 and a fifty-two week high of $585.50. The firm has a market cap of $22.40 billion, a P/E ratio of 15.70 and a beta of 1.09. The business’s 50 day moving average price is $564.84 and its 200-day moving average price is $549.38.
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.
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