Beaumont Financial Advisors LLC Decreases Stock Holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Beaumont Financial Advisors LLC cut its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,517 shares of the exchange traded fund’s stock after selling 27 shares during the period. Beaumont Financial Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MDY. International Assets Investment Management LLC increased its position in SPDR S&P MidCap 400 ETF Trust by 62,301.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,172,826 shares of the exchange traded fund’s stock worth $1,237,772,000 after purchasing an additional 2,169,344 shares in the last quarter. US Bancorp DE increased its stake in SPDR S&P MidCap 400 ETF Trust by 1.1% during the third quarter. US Bancorp DE now owns 1,063,964 shares of the exchange traded fund’s stock worth $606,098,000 after acquiring an additional 11,719 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in SPDR S&P MidCap 400 ETF Trust by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 768,842 shares of the exchange traded fund’s stock valued at $437,979,000 after buying an additional 5,825 shares during the period. Raymond James & Associates raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 0.5% in the 3rd quarter. Raymond James & Associates now owns 369,044 shares of the exchange traded fund’s stock valued at $210,230,000 after acquiring an additional 1,811 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 5.9% during the third quarter. JPMorgan Chase & Co. now owns 340,136 shares of the exchange traded fund’s stock worth $193,762,000 after purchasing an additional 19,030 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY stock opened at $601.18 on Wednesday. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $495.53 and a 12 month high of $624.13. The firm has a market capitalization of $23.76 billion, a P/E ratio of 15.70 and a beta of 1.09. The company’s fifty day moving average price is $589.96 and its two-hundred day moving average price is $570.51.

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.