Aviance Capital Management LLC Sells 42,272 Shares of SPDR S&P MidCap 400 ETF (MDY)
Aviance Capital Management LLC cut its stake in shares of SPDR S&P MidCap 400 ETF (NYSE:MDY) by 77.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,133 shares of the exchange traded fund’s stock after selling 42,272 shares during the period. Aviance Capital Management LLC’s holdings in SPDR S&P MidCap 400 ETF were worth $3,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in shares of SPDR S&P MidCap 400 ETF by 127.2% in the 2nd quarter. Victory Capital Management Inc. now owns 362,522 shares of the exchange traded fund’s stock worth $115,144,000 after purchasing an additional 202,951 shares during the period. Sage Advisory Services Ltd.Co. raised its holdings in SPDR S&P MidCap 400 ETF by 112.2% during the 2nd quarter. Sage Advisory Services Ltd.Co. now owns 191,068 shares of the exchange traded fund’s stock valued at $60,695,000 after buying an additional 101,035 shares during the period. BDO Wealth Advisors LLC purchased a new stake in SPDR S&P MidCap 400 ETF during the 2nd quarter valued at $19,602,000. TIAA FSB bought a new stake in SPDR S&P MidCap 400 ETF in the second quarter worth $10,710,000. Finally, FineMark National Bank & Trust lifted its position in SPDR S&P MidCap 400 ETF by 24.0% in the second quarter. FineMark National Bank & Trust now owns 133,215 shares of the exchange traded fund’s stock worth $42,312,000 after buying an additional 25,770 shares during the last quarter.
SPDR S&P MidCap 400 ETF (NYSE:MDY) traded up 0.44% on Monday, reaching $327.77. 421,544 shares of the company’s stock traded hands. SPDR S&P MidCap 400 ETF has a 52 week low of $268.25 and a 52 week high of $328.22. The firm has a 50-day moving average price of $314.87 and a 200-day moving average price of $315.17.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, September 18th will be issued a dividend of $1.4451 per share. This is a boost from SPDR S&P MidCap 400 ETF’s previous quarterly dividend of $0.52. This represents a $5.78 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, September 15th.
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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.
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