Sun Sep 15 17:18:14 UTC 2024: ## HBK Sorce Advisory LLC Trims Stake in SPDR S&P MidCap 400 ETF Trust

**New York, NY -** HBK Sorce Advisory LLC reduced its stake in the SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 5.4% during the second quarter, according to a recent SEC filing. The fund now owns 878 shares of the ETF, valued at $470,000.

This move comes as other institutional investors have also been active in the market for MDY. Ruedi Wealth Management Inc. purchased a new stake in the ETF in the first quarter, while Ridgewood Investments LLC, Addison Advisors LLC, Chris Bulman Inc, and Thurston Springer Miller Herd & Titak Inc. all bought new stakes in the second quarter.

MDY opened at $555.43 on Friday. The ETF has a market capitalization of $21.95 billion, a price-to-earnings ratio of 15.70, and a beta of 1.09. The 50-day moving average price for MDY is $549.41, while the 200-day moving average price is $542.05. The ETF has a 12-month low of $424.22 and a 12-month high of $574.11.

The SPDR S&P MidCap 400 ETF tracks the performance of the S&P MidCap 400 Index, which covers over 7% of the U.S. equities market. The index is part of a series of S&P U.S. indices and includes companies with four consecutive quarters of positive as-reported earnings.

Investors seeking further information on hedge fund holdings and insider trades related to MDY can visit HoldingsChannel.com.

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