Black Diamond Financial LLC Reduces Stock Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Black Diamond Financial LLC cut its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 86.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 702 shares of the exchange traded fund’s stock after selling 4,562 shares during the quarter. Black Diamond Financial LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MDY. Ridgewood Investments LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the second quarter worth about $25,000. Addison Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter valued at approximately $28,000. Chris Bulman Inc purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at approximately $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the second quarter valued at approximately $38,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

MDY stock opened at $592.67 on Friday. The firm has a 50 day moving average price of $570.38 and a 200-day moving average price of $553.31. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $458.42 and a 52-week high of $609.69. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09.

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.