Royal Bank of Canada Lowers Holdings in SPDR S&P MidCap 400 ETF Trust $MDY

Royal Bank of Canada trimmed its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 14.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 299,723 shares of the exchange traded fund’s stock after selling 52,600 shares during the quarter. Royal Bank of Canada’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $184,858,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Financial & Tax Architects LLC purchased a new position in SPDR S&P MidCap 400 ETF Trust in the first quarter worth about $4,743,000. Savvy Advisors Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $620,000. Daytona Street Capital LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $633,000. Northland Securities Inc. purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $560,000. Finally, RFG Advisory LLC increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 50.4% during the fourth quarter. RFG Advisory LLC now owns 8,034 shares of the exchange traded fund’s stock valued at $4,847,000 after acquiring an additional 2,694 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Down 1.7%

Shares of NYSEARCA MDY opened at $681.16 on Thursday. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $559.89 and a twelve month high of $704.45. The firm has a market cap of $26.22 billion, a P/E ratio of 18.98 and a beta of 1.00. The company has a 50 day moving average of $687.27 and a 200 day moving average of $658.46.

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