M Holdings Securities Inc. trimmed its position in SPDR S&P MidCap 400 ETF (NYSE:MDY) by 20.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,943 shares of the exchange traded fund’s stock after selling 488 shares during the quarter. M Holdings Securities Inc.’s holdings in SPDR S&P MidCap 400 ETF were worth $617,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Barnett & Company Inc. purchased a new position in shares of SPDR S&P MidCap 400 ETF in the 2nd quarter worth about $103,000. Heritage Trust Co purchased a new position in shares of SPDR S&P MidCap 400 ETF in the 2nd quarter worth about $106,000. Monetary Management Group Inc. raised its holdings in shares of SPDR S&P MidCap 400 ETF by 5.6% in the 2nd quarter. Monetary Management Group Inc. now owns 375 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 20 shares during the period. Jackson Grant Investment Advisers Inc. raised its holdings in shares of SPDR S&P MidCap 400 ETF by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 388 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 1 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of SPDR S&P MidCap 400 ETF by 14.3% in the 2nd quarter. Sei Investments Co. now owns 465 shares of the exchange traded fund’s stock worth $148,000 after purchasing an additional 58 shares during the period.

COPYRIGHT VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/10/20/m-holdings-securities-inc-cuts-stake-in-spdr-sp-midcap-400-etf-mdy.html.

SPDR S&P MidCap 400 ETF (MDY) traded up 0.42% during trading on Friday, hitting $332.98. The stock had a trading volume of 180,042 shares. SPDR S&P MidCap 400 ETF has a 1-year low of $268.25 and a 1-year high of $333.33. The firm’s 50 day moving average is $323.72 and its 200 day moving average is $317.73.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, September 18th will be paid a $1.4451 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $5.78 dividend on an annualized basis and a yield of 1.74%. This is an increase from SPDR S&P MidCap 400 ETF’s previous quarterly dividend of $0.52.

SPDR S&P MidCap 400 ETF 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.

Want to see what other hedge funds are holding MDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P MidCap 400 ETF (NYSE:MDY).

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

Receive News & Stock Ratings for SPDR S&P MidCap 400 ETF 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 and related stocks with our FREE daily email newsletter.