First Merchants Corp Sells 1,492 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

First Merchants Corp cut its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,868 shares of the exchange traded fund’s stock after selling 1,492 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for 1.5% of First Merchants Corp’s portfolio, making the stock its 10th biggest holding. First Merchants Corp’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $9,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Investments LP boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 159.0% during the fourth quarter. Two Sigma Investments LP now owns 2,361 shares of the exchange traded fund’s stock valued at $715,000 after purchasing an additional 6,361 shares in the last quarter. Deutsche Bank AG acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $6,206,000. Foundations Investment Advisors LLC boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 171.8% during the first quarter. Foundations Investment Advisors LLC now owns 129,136 shares of the exchange traded fund’s stock valued at $44,604,000 after purchasing an additional 81,627 shares in the last quarter. Conservest Capital Advisors Inc. boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 13.8% in the 1st quarter. Conservest Capital Advisors Inc. now owns 233,852 shares of the exchange traded fund’s stock worth $80,772,000 after acquiring an additional 28,276 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 4.0% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 13,120 shares of the exchange traded fund’s stock worth $4,532,000 after acquiring an additional 508 shares in the last quarter.

Shares of MDY opened at $348.74 on Monday. SPDR S&P MidCap 400 ETF Trust has a one year low of $284.45 and a one year high of $374.10. The stock has a 50 day simple moving average of $354.20.

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.

Featured Article: Technical Analysis of Stocks, How Can It Help

Institutional Ownership by Quarter for SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Receive News & Ratings for SPDR S&P MidCap 400 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P MidCap 400 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.