Pinnacle Associates Ltd. Buys 513 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Pinnacle Associates Ltd. raised its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Free Report) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,142 shares of the exchange traded fund’s stock after acquiring an additional 513 shares during the period. Pinnacle Associates Ltd. owned approximately 0.16% of SPDR S&P MidCap 400 ETF Trust worth $37,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avantax Advisory Services Inc. increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 4.5% during the first quarter. Avantax Advisory Services Inc. now owns 21,291 shares of the exchange traded fund’s stock worth $11,846,000 after purchasing an additional 921 shares during the period. First Foundation Advisors increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 28.5% in the first quarter. First Foundation Advisors now owns 699 shares of the exchange traded fund’s stock worth $389,000 after purchasing an additional 155 shares during the period. WealthPLAN Partners LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 14.5% in the first quarter. WealthPLAN Partners LLC now owns 1,339 shares of the exchange traded fund’s stock valued at $745,000 after purchasing an additional 170 shares in the last quarter. &PARTNERS lifted its position in SPDR S&P MidCap 400 ETF Trust by 14.3% during the second quarter. &PARTNERS now owns 1,134 shares of the exchange traded fund’s stock worth $607,000 after purchasing an additional 142 shares during the period. Finally, Brighton Jones LLC lifted its position in SPDR S&P MidCap 400 ETF Trust by 25.6% during the second quarter. Brighton Jones LLC now owns 2,047 shares of the exchange traded fund’s stock worth $1,095,000 after purchasing an additional 417 shares during the period.

SPDR S&P MidCap 400 ETF Trust Trading Up 0.5 %

MDY stock traded up $2.88 during mid-day trading on Wednesday, hitting $576.87. The stock had a trading volume of 242,981 shares, compared to its average volume of 820,565. The firm has a fifty day simple moving average of $564.28 and a 200 day simple moving average of $548.61. The firm has a market capitalization of $22.80 billion, a P/E ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $428.79 and a 52 week high of $585.50.

About SPDR S&P MidCap 400 ETF Trust

(Free Report)

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.

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