Merit Financial Group LLC Trims Stock Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Merit Financial Group LLC lowered its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,858 shares of the exchange traded fund’s stock after selling 122 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,465,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Tower View Wealth Management LLC lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 1.3% in the 4th quarter. Tower View Wealth Management LLC now owns 4,263 shares of the exchange traded fund’s stock valued at $2,163,000 after purchasing an additional 55 shares during the last quarter. Essex Financial Services Inc. boosted its stake in SPDR S&P MidCap 400 ETF Trust by 3.3% during the fourth quarter. Essex Financial Services Inc. now owns 2,054 shares of the exchange traded fund’s stock worth $1,042,000 after buying an additional 65 shares during the period. Victory Capital Management Inc. raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 115.6% in the 4th quarter. Victory Capital Management Inc. now owns 16,990 shares of the exchange traded fund’s stock valued at $8,620,000 after acquiring an additional 9,110 shares during the period. LCM Capital Management Inc lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 1.2% in the 4th quarter. LCM Capital Management Inc now owns 41,342 shares of the exchange traded fund’s stock worth $20,976,000 after acquiring an additional 496 shares during the last quarter. Finally, Savant Capital LLC boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 60.6% during the 4th quarter. Savant Capital LLC now owns 16,235 shares of the exchange traded fund’s stock worth $8,237,000 after purchasing an additional 6,124 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Up 1.0 %

NYSEARCA:MDY traded up $5.35 during trading hours on Friday, reaching $535.41. 951,016 shares of the stock were exchanged, compared to its average volume of 945,080. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $424.22 and a twelve month high of $558.34. The business has a 50-day moving average of $535.56 and a two-hundred day moving average of $501.35. The company has a market capitalization of $21.79 billion, a price-to-earnings ratio of 15.15 and a beta of 1.09.

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.