Welch & Forbes LLC Reduces Position in SPDR S&P MidCap 400 ETF Trust $MDY

Welch & Forbes LLC trimmed its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 168,530 shares of the exchange traded fund’s stock after selling 917 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for 1.2% of Welch & Forbes LLC’s investment portfolio, making the stock its 23rd biggest holding. Welch & Forbes LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $100,449,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bryn Mawr Trust Advisors LLC raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 26.3% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 1,047 shares of the exchange traded fund’s stock worth $624,000 after purchasing an additional 218 shares during the last quarter. Pittenger & Anderson Inc. boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 0.3% in the 3rd quarter. Pittenger & Anderson Inc. now owns 70,018 shares of the exchange traded fund’s stock valued at $41,733,000 after acquiring an additional 201 shares during the last quarter. Paulson Wealth Management Inc. increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 25.3% in the third quarter. Paulson Wealth Management Inc. now owns 10,635 shares of the exchange traded fund’s stock worth $6,339,000 after acquiring an additional 2,148 shares during the period. Cloud Capital Management LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter worth $41,000. Finally, Hollencrest Capital Management boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 248.0% in the third quarter. Hollencrest Capital Management now owns 174 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 124 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

NYSEARCA MDY opened at $627.57 on Friday. The firm has a market capitalization of $24.56 billion, a P/E ratio of 18.98 and a beta of 1.06. The stock has a 50-day simple moving average of $618.12 and a two-hundred day simple moving average of $599.56. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $458.82 and a fifty-two week high of $648.79.

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