Mayflower Financial Advisors LLC Has $4.18 Million Position in SPDR S&P MidCap 400 ETF Trust $MDY

Mayflower Financial Advisors LLC cut its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 20.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,923 shares of the exchange traded fund’s stock after selling 1,797 shares during the period. Mayflower Financial Advisors LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $4,176,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MDY. Activest Wealth Management boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 125.0% in the 3rd quarter. Activest Wealth Management now owns 54 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 30 shares during the last quarter. Brown Lisle Cummings Inc. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 110.0% in the third quarter. Brown Lisle Cummings Inc. now owns 63 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 33 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in SPDR S&P MidCap 400 ETF Trust in the second quarter valued at about $40,000. Cloud Capital Management LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust in the third quarter valued at about $41,000. Finally, ST Germain D J Co. Inc. bought a new position in SPDR S&P MidCap 400 ETF Trust during the third quarter worth about $42,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY stock opened at $613.77 on Friday. The stock has a market cap of $23.83 billion, a PE ratio of 18.98 and a beta of 1.06. The stock has a 50-day moving average of $636.89 and a 200-day moving average of $614.02. SPDR S&P MidCap 400 ETF Trust has a one year low of $458.82 and a one year high of $662.65.

SPDR S&P MidCap 400 ETF Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 20th will be issued a $1.5163 dividend. The ex-dividend date is Friday, March 20th. This represents a $6.07 annualized dividend and a yield of 1.0%.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.