Portland Global Advisors LLC Raises Holdings in SPDR S&P MidCap 400 ETF (MDY)

Portland Global Advisors LLC increased its position in SPDR S&P MidCap 400 ETF (NYSE:MDY) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,418 shares of the exchange traded fund’s stock after acquiring an additional 1,540 shares during the period. SPDR S&P MidCap 400 ETF makes up 12.9% of Portland Global Advisors LLC’s portfolio, making the stock its 2nd biggest position. Portland Global Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF were worth $33,749,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. increased 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 acquiring an additional 1 shares during the period. Shaker Investments LLC OH increased its holdings in shares of SPDR S&P MidCap 400 ETF by 0.3% in the 2nd quarter. Shaker Investments LLC OH now owns 1,392 shares of the exchange traded fund’s stock worth $442,000 after acquiring an additional 4 shares during the period. Tocqueville Asset Management L.P. grew its position in SPDR S&P MidCap 400 ETF by 0.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 3,179 shares of the exchange traded fund’s stock valued at $1,010,000 after buying an additional 10 shares in the last quarter. Monetary Management Group Inc. grew its position in 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 valued at $119,000 after buying an additional 20 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. grew its position in SPDR S&P MidCap 400 ETF by 2.6% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 1,106 shares of the exchange traded fund’s stock valued at $352,000 after buying an additional 28 shares in the last quarter.

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Shares of SPDR S&P MidCap 400 ETF (NYSE MDY) traded up $1.75 on Monday, reaching $335.61. 38,798 shares of the company were exchanged. SPDR S&P MidCap 400 ETF has a 12-month low of $268.25 and a 12-month high of $335.67.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, September 18th were paid a $1.4451 dividend. This is an increase from SPDR S&P MidCap 400 ETF’s previous quarterly dividend of $0.52. This represents a $5.78 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, September 15th.

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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