Adirondack Trust Co. Has $5.84 Million Stake in SPDR S&P MidCap 400 ETF (MDY)

Adirondack Trust Co. cut its stake in SPDR S&P MidCap 400 ETF (NYSE:MDY) by 24.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,391 shares of the exchange traded fund’s stock after selling 6,024 shares during the period. SPDR S&P MidCap 400 ETF accounts for 4.7% of Adirondack Trust Co.’s portfolio, making the stock its 3rd largest position. Adirondack Trust Co.’s holdings in SPDR S&P MidCap 400 ETF were worth $5,842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Osborne Partners Capital Management LLC increased its position in shares of SPDR S&P MidCap 400 ETF by 82.2% in the second quarter. Osborne Partners Capital Management LLC now owns 1,416 shares of the exchange traded fund’s stock valued at $450,000 after buying an additional 639 shares during the last quarter. Cue Financial Group Inc. increased its position in shares of SPDR S&P MidCap 400 ETF by 3.5% in the second quarter. Cue Financial Group Inc. now owns 4,464 shares of the exchange traded fund’s stock valued at $1,418,000 after buying an additional 150 shares during the last quarter. MCF Advisors LLC increased its position in shares of SPDR S&P MidCap 400 ETF by 9.2% in the second quarter. MCF Advisors LLC now owns 85,887 shares of the exchange traded fund’s stock valued at $27,280,000 after buying an additional 7,228 shares during the last quarter. FineMark National Bank & Trust increased its position in shares of SPDR S&P MidCap 400 ETF by 24.0% in the second quarter. FineMark National Bank & Trust now owns 133,215 shares of the exchange traded fund’s stock valued at $42,312,000 after buying an additional 25,770 shares during the last quarter. Finally, Bristlecone Advisors LLC increased its position in shares of SPDR S&P MidCap 400 ETF by 4.9% in the second quarter. Bristlecone Advisors LLC now owns 8,954 shares of the exchange traded fund’s stock valued at $2,844,000 after buying an additional 415 shares during the last quarter.

SPDR S&P MidCap 400 ETF (MDY) opened at 311.09 on Friday. The firm has a 50-day moving average of $319.51 and a 200 day moving average of $314.76. SPDR S&P MidCap 400 ETF has a one year low of $268.25 and a one year high of $326.88.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were paid a $0.5241 dividend. The ex-dividend date of this dividend was Friday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.67%.

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SPDR S&P MidCap 400 ETF Company 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.

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

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