Spectrum Management Group Inc. Sells 6,586 Shares of SPDR S&P MidCap 400 ETF (MDY)

Spectrum Management Group Inc. lessened its stake in shares of SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,735 shares of the exchange traded fund’s stock after selling 6,586 shares during the period. SPDR S&P MidCap 400 ETF comprises about 16.8% of Spectrum Management Group Inc.’s holdings, making the stock its 2nd biggest position. Spectrum Management Group Inc.’s holdings in SPDR S&P MidCap 400 ETF were worth $48,611,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Horan Capital Advisors LLC. purchased a new stake in SPDR S&P MidCap 400 ETF during the third quarter worth about $102,000. Hall Laurie J Trustee increased its holdings in SPDR S&P MidCap 400 ETF by 700.0% during the fourth quarter. Hall Laurie J Trustee now owns 1,200 shares of the exchange traded fund’s stock worth $119,000 after buying an additional 1,050 shares during the last quarter. Goodman Financial Corp purchased a new stake in SPDR S&P MidCap 400 ETF during the fourth quarter worth about $134,000. Bank of Nova Scotia Trust Co. purchased a new stake in SPDR S&P MidCap 400 ETF during the third quarter worth about $163,000. Finally, Price Capital Management Inc. purchased a new stake in SPDR S&P MidCap 400 ETF during the fourth quarter worth about $172,000.

Shares of SPDR S&P MidCap 400 ETF (MDY) opened at $331.03 on Friday. SPDR S&P MidCap 400 ETF has a 1-year low of $303.85 and a 1-year high of $363.70.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th were given a dividend of $1.2987 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $5.19 dividend on an annualized basis and a yield of 1.57%.

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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.

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

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