Royal Bank of Canada Trims Stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Royal Bank of Canada lowered its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 32.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 491,661 shares of the exchange traded fund’s stock after selling 241,067 shares during the period. Royal Bank of Canada’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $280,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PFG Investments LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 17.3% in the fourth quarter. PFG Investments LLC now owns 767 shares of the exchange traded fund’s stock valued at $437,000 after buying an additional 113 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $604,000. Avior Wealth Management LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 24.3% in the fourth quarter. Avior Wealth Management LLC now owns 593 shares of the exchange traded fund’s stock valued at $338,000 after buying an additional 116 shares in the last quarter. Principal Securities Inc. grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 7.5% in the fourth quarter. Principal Securities Inc. now owns 613 shares of the exchange traded fund’s stock valued at $349,000 after buying an additional 43 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $1,192,000.

SPDR S&P MidCap 400 ETF Trust Trading Up 1.1%

Shares of NYSEARCA MDY opened at $564.93 on Friday. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $458.82 and a twelve month high of $624.13. The stock has a fifty day simple moving average of $523.95 and a 200-day simple moving average of $563.41. The stock has a market capitalization of $23.00 billion, a PE ratio of 17.70 and a beta of 1.07.

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.