Pinnacle Financial Partners Inc Has $18.75 Million Position in SPDR S&P MidCap 400 ETF Trust $MDY

Pinnacle Financial Partners Inc cut its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,461 shares of the exchange traded fund’s stock after selling 1,475 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $18,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Csenge Advisory Group boosted its position in SPDR S&P MidCap 400 ETF Trust by 7.0% during the third quarter. Csenge Advisory Group now owns 18,414 shares of the exchange traded fund’s stock valued at $10,975,000 after purchasing an additional 1,202 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 6.7% during the 3rd quarter. Ritholtz Wealth Management now owns 446 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 28 shares in the last quarter. TKG Advisors LLC lifted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.4% during the 3rd quarter. TKG Advisors LLC now owns 13,339 shares of the exchange traded fund’s stock valued at $7,950,000 after buying an additional 309 shares during the last quarter. Fiduciary Wealth Partners LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at approximately $998,000. Finally, Forbes J M & Co. LLP bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter valued at approximately $201,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

NYSEARCA:MDY opened at $639.85 on Friday. The company has a market capitalization of $25.24 billion, a P/E ratio of 18.98 and a beta of 1.06. The stock’s 50 day moving average price is $607.87 and its 200 day moving average price is $595.68. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $458.82 and a 52 week high of $644.19.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.