Mon Sep 23 15:15:33 UTC 2024: ## Steel Grove Capital Advisors Cuts Stake in SPDR S&P MidCap 400 ETF

**New York, NY – September 23, 2024** – Steel Grove Capital Advisors LLC decreased its holding in SPDR S&P MidCap 400 ETF Trust (NYSEARCA: MDY) by 27.3% during the second quarter, according to a recent SEC filing. The firm sold 3,226 shares, leaving them with 8,596 shares worth approximately $4,600,000. This represents about 0.6% of Steel Grove Capital Advisors’ total portfolio.

Meanwhile, several other institutional investors and hedge funds have adjusted their positions in MDY. Granite Bay Wealth Management LLC significantly increased its stake by 6,346.6%, now owning 2,113,449 shares valued at $1,136,513,000. Other notable moves include Pathstone Holdings LLC purchasing a new stake worth $485,301,000 and Scarborough Advisors LLC boosting its holding by 2,656.0% to 303,791 shares valued at $154,137,000.

MDY opened at $566.52 on Monday, with a 50-day moving average of $552.03 and a 200-day moving average of $543.27. The ETF’s 12-month low is $424.22, and its 12-month high is $574.11. MDY’s market cap is $22.39 billion, with a PE ratio of 15.70 and a beta of 1.09.

SPDR S&P MidCap 400 ETF is designed to track the performance of the S&P MidCap 400 Index, encompassing over 7% of the US equities market. The index includes companies with four consecutive quarters of positive earnings, excluding discontinued operations and extraordinary items.

For more information on institutional holdings and insider trades related to MDY, visit HoldingsChannel.com. You can also subscribe to MarketBeat.com’s free daily email newsletter for news and analyst ratings on SPDR S&P MidCap 400 ETF Trust.

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