Trifecta Capital Advisors LLC Reduces Stock Position in SPDR S&P MidCap 400 ETF Trust $MDY

Trifecta Capital Advisors LLC cut its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 6.4% during the first quarter, Holdings Channel reports. The institutional investor owned 18,311 shares of the exchange traded fund’s stock after selling 1,253 shares during the period. SPDR S&P MidCap 400 ETF Trust makes up about 1.7% of Trifecta Capital Advisors LLC’s holdings, making the stock its 17th largest position. Trifecta Capital Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $11,293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Financial & Tax Architects LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust during the first quarter worth approximately $4,743,000. Savvy Advisors Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth approximately $620,000. Daytona Street Capital LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth approximately $633,000. Clear Trail Advisors LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $575,000. Finally, Northland Securities Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $560,000.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.1%

Shares of NYSEARCA MDY traded down $0.40 during mid-day trading on Friday, reaching $689.82. The company had a trading volume of 613,320 shares, compared to its average volume of 968,925. The firm has a 50 day simple moving average of $681.67 and a two-hundred day simple moving average of $651.45. The stock has a market cap of $27.23 billion, a P/E ratio of 18.98 and a beta of 1.00. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $559.89 and a 52-week high of $704.45.

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.