Dakota Wealth Management boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,125 shares of the exchange traded fund’s stock after buying an additional 462 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for 3.8% of Dakota Wealth Management’s investment portfolio, making the stock its 2nd largest position. Dakota Wealth Management owned 0.10% of SPDR S&P MidCap 400 ETF Trust worth $19,040,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDY. Murphy Pohlad Asset Management LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $26,000. Private Ocean LLC raised its position in SPDR S&P MidCap 400 ETF Trust by 93.0% in the fourth quarter. Private Ocean LLC now owns 193 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 93 shares during the period. Essex Savings Bank purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $61,000. Doyle Wealth Management purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at $61,000. Finally, Field & Main Bank purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the first quarter valued at $69,000.
NYSEARCA:MDY traded down $2.92 on Wednesday, reaching $343.57. The company’s stock had a trading volume of 790,529 shares, compared to its average volume of 1,114,750. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $284.45 and a 12-month high of $374.10.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, March 18th were given a $0.8844 dividend. The ex-dividend date was Friday, March 15th. This represents a $3.54 dividend on an annualized basis and a yield of 1.03%.
About SPDR S&P MidCap 400 ETF Trust
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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