Peapack Gladstone Financial Corp Has $30.98 Million Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Peapack Gladstone Financial Corp decreased its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,389 shares of the exchange traded fund’s stock after selling 2,391 shares during the period. Peapack Gladstone Financial Corp owned about 0.14% of SPDR S&P MidCap 400 ETF Trust worth $30,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 6.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 73,401 shares of the exchange traded fund’s stock valued at $41,808,000 after purchasing an additional 4,692 shares in the last quarter. Wells Fargo & Company MN boosted its stake in SPDR S&P MidCap 400 ETF Trust by 5.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,370,369 shares of the exchange traded fund’s stock valued at $780,535,000 after buying an additional 65,493 shares in the last quarter. Guidance Point Advisors LLC boosted its stake in SPDR S&P MidCap 400 ETF Trust by 3.9% in the fourth quarter. Guidance Point Advisors LLC now owns 668 shares of the exchange traded fund’s stock valued at $380,000 after buying an additional 25 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $1,987,000. Finally, Arete Wealth Advisors LLC raised its stake in SPDR S&P MidCap 400 ETF Trust by 6.1% during the fourth quarter. Arete Wealth Advisors LLC now owns 449 shares of the exchange traded fund’s stock worth $256,000 after acquiring an additional 26 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Trading Down 4.9 %

MDY stock opened at $483.74 on Friday. The stock has a market capitalization of $19.84 billion, a P/E ratio of 18.90 and a beta of 1.14. The firm has a 50-day moving average price of $559.58 and a 200-day moving average price of $575.28. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $473.84 and a 12 month high of $624.13.

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.