SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Shares Sold by Ardent Capital Management Inc.

Ardent Capital Management Inc. trimmed its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 730 shares of the exchange traded fund’s stock after selling 50 shares during the period. Ardent Capital Management Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $416,000 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 the stock. West Financial Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $28,000. New Wave Wealth Advisors LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $32,000. Brooklyn Investment Group purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $36,000. Peterson Financial Group Inc. purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth approximately $68,000. Finally, Newton One Investments LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter worth approximately $69,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY opened at $580.29 on Friday. The firm has a 50 day simple moving average of $583.25 and a 200-day simple moving average of $576.35. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $510.54 and a 1-year high of $624.13. The stock has a market cap of $24.44 billion, a price-to-earnings ratio of 19.87 and a beta of 1.13.

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.