Welch & Forbes LLC Sells 5,199 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

Welch & Forbes LLC reduced its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,554 shares of the exchange traded fund’s stock after selling 5,199 shares during the period. SPDR S&P MidCap 400 ETF Trust makes up approximately 1.3% of Welch & Forbes LLC’s investment portfolio, making the stock its 21st biggest position. Welch & Forbes LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $99,640,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MDY. Moors & Cabot Inc. raised its holdings in SPDR S&P MidCap 400 ETF Trust by 1.0% in the 4th quarter. Moors & Cabot Inc. now owns 1,542 shares of the exchange traded fund’s stock valued at $930,000 after acquiring an additional 16 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.4% during the 4th quarter. Colonial Trust Co SC now owns 689 shares of the exchange traded fund’s stock worth $416,000 after purchasing an additional 16 shares in the last quarter. Lewis Asset Management LLC increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.5% in the fourth quarter. Lewis Asset Management LLC now owns 3,681 shares of the exchange traded fund’s stock worth $2,220,000 after purchasing an additional 18 shares during the period. PFG Investments LLC increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 2.5% in the fourth quarter. PFG Investments LLC now owns 741 shares of the exchange traded fund’s stock worth $447,000 after purchasing an additional 18 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,965 shares of the exchange traded fund’s stock worth $2,995,000 after purchasing an additional 18 shares during the period.

SPDR S&P MidCap 400 ETF Trust Price Performance

MDY stock traded down $0.40 during midday trading on Friday, reaching $689.82. The company had a trading volume of 613,320 shares, compared to its average volume of 968,925. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $559.89 and a 1-year high of $704.45. The stock has a 50 day moving average price of $681.67 and a 200-day moving average price of $651.45. The company has a market capitalization of $27.23 billion, a price-to-earnings ratio of 18.98 and a beta of 1.00.

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