Hsbc Holdings PLC Decreases Stock Position in SPDR S&P MidCap 400 ETF Trust $MDY

Hsbc Holdings PLC cut its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,831 shares of the exchange traded fund’s stock after selling 854 shares during the quarter. Hsbc Holdings PLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $4,823,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock worth $810,385,000 after purchasing an additional 87,207 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 5.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock valued at $500,741,000 after buying an additional 41,757 shares during the last quarter. Moore Capital Management LP boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 73.2% during the second quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after buying an additional 267,800 shares during the last quarter. Raymond James Financial Inc. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 5.4% in the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock worth $336,626,000 after buying an additional 28,459 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in SPDR S&P MidCap 400 ETF Trust by 2.2% in the 4th quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock worth $309,959,000 after buying an additional 11,060 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

MDY opened at $690.71 on Friday. The stock has a market capitalization of $26.90 billion, a P/E ratio of 18.98 and a beta of 1.00. The company’s 50-day simple moving average is $685.43 and its two-hundred day simple moving average is $656.87. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $559.89 and a 52-week high of $704.45.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.