Bank of Nova Scotia Trims Holdings in SPDR S&P MidCap 400 ETF Trust $MDY

Bank of Nova Scotia cut its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 49.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,311 shares of the exchange traded fund’s stock after selling 3,210 shares during the quarter. Bank of Nova Scotia’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,042,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 6.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock valued at $810,385,000 after purchasing an additional 87,207 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 5.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock valued at $500,741,000 after acquiring an additional 41,757 shares during the period. Moore Capital Management LP lifted its holdings in SPDR S&P MidCap 400 ETF Trust by 73.2% in the second quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after acquiring an additional 267,800 shares during the period. Raymond James Financial Inc. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 5.4% during the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock worth $336,626,000 after purchasing an additional 28,459 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 2.2% during the 4th quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock worth $309,959,000 after purchasing an additional 11,060 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Down 1.7%

NYSEARCA:MDY opened at $681.16 on Thursday. The firm’s fifty day simple moving average is $687.27 and its 200-day simple moving average is $658.46. The stock has a market cap of $26.22 billion, a PE ratio of 18.98 and a beta of 1.00. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $559.89 and a fifty-two week high of $704.45.

SPDR S&P MidCap 400 ETF Trust 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.