Pinnacle Wealth Management Advisory Group LLC Cuts Stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Pinnacle Wealth Management Advisory Group LLC cut its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,450 shares of the exchange traded fund’s stock after selling 24 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $5,809,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MDY. WealthShield Partners LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 5.8% in the third quarter. WealthShield Partners LLC now owns 1,106 shares of the exchange traded fund’s stock valued at $507,000 after purchasing an additional 61 shares during the period. Verdence Capital Advisors LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 43.4% during the third quarter. Verdence Capital Advisors LLC now owns 839 shares of the exchange traded fund’s stock valued at $383,000 after acquiring an additional 254 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in SPDR S&P MidCap 400 ETF Trust by 3.7% in the third quarter. Chicago Partners Investment Group LLC now owns 46,238 shares of the exchange traded fund’s stock worth $20,024,000 after purchasing an additional 1,659 shares in the last quarter. Altfest L J & Co. Inc. grew its stake in SPDR S&P MidCap 400 ETF Trust by 3.3% in the third quarter. Altfest L J & Co. Inc. now owns 2,042 shares of the exchange traded fund’s stock worth $933,000 after purchasing an additional 66 shares in the last quarter. Finally, Graypoint LLC grew its stake in SPDR S&P MidCap 400 ETF Trust by 1.1% in the third quarter. Graypoint LLC now owns 3,990 shares of the exchange traded fund’s stock worth $1,822,000 after purchasing an additional 45 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

NYSEARCA:MDY traded up $3.60 during mid-day trading on Thursday, reaching $545.90. The stock had a trading volume of 246,986 shares, compared to its average volume of 932,264. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 15.15 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $424.22 and a 1-year high of $558.34. The stock’s 50 day simple moving average is $536.68 and its two-hundred day simple moving average is $504.07.

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.