New England Investment & Retirement Group Inc. Takes Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

New England Investment & Retirement Group Inc. bought a new position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,019 shares of the exchange traded fund’s stock, valued at approximately $352,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 2.6% during the 3rd quarter. FMR LLC now owns 17,430 shares of the exchange traded fund’s stock valued at $6,405,000 after acquiring an additional 436 shares during the period. WealthPLAN Partners LLC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 13.1% during the third quarter. WealthPLAN Partners LLC now owns 1,054 shares of the exchange traded fund’s stock worth $347,000 after buying an additional 122 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 83.9% during the third quarter. Tortoise Investment Management LLC now owns 252 shares of the exchange traded fund’s stock worth $93,000 after buying an additional 115 shares in the last quarter. Tower View Investment Management & Research LLC grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 2.5% during the fourth quarter. Tower View Investment Management & Research LLC now owns 13,915 shares of the exchange traded fund’s stock worth $4,212,000 after buying an additional 338 shares in the last quarter. Finally, Indiana Trust & Investment Management CO grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 34.3% during the fourth quarter. Indiana Trust & Investment Management CO now owns 830 shares of the exchange traded fund’s stock worth $251,000 after buying an additional 212 shares in the last quarter.

Shares of SPDR S&P MidCap 400 ETF Trust stock traded up $1.89 during trading hours on Friday, reaching $339.95. 64,122 shares of the company’s stock were exchanged, compared to its average volume of 1,114,750. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $284.45 and a 1 year high of $374.10.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, March 18th were issued a $0.8844 dividend. This represents a $3.54 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, March 15th.

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SPDR S&P MidCap 400 ETF Trust 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.

Further Reading: Differences Between Momentum Investing and Long Term Investing

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

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