Tower Research Capital LLC TRC raised its position in SPDR S&P MidCap 400 ETF (NYSE:MDY) by 42.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,863 shares of the exchange traded fund’s stock after buying an additional 11,605 shares during the period. SPDR S&P MidCap 400 ETF accounts for about 1.4% of Tower Research Capital LLC TRC’s investment portfolio, making the stock its 13th biggest position. Tower Research Capital LLC TRC’s holdings in SPDR S&P MidCap 400 ETF were worth $12,343,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MDY. Synovus Financial Corp raised its stake in shares of SPDR S&P MidCap 400 ETF by 3.0% in the second quarter. Synovus Financial Corp now owns 11,859 shares of the exchange traded fund’s stock worth $3,766,000 after acquiring an additional 346 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new position in shares of SPDR S&P MidCap 400 ETF in the second quarter worth about $3,125,000. Shoker Investment Counsel Inc. raised its stake in shares of SPDR S&P MidCap 400 ETF by 87.6% in the second quarter. Shoker Investment Counsel Inc. now owns 4,237 shares of the exchange traded fund’s stock worth $1,345,000 after acquiring an additional 1,979 shares during the last quarter. Homrich & Berg bought a new position in shares of SPDR S&P MidCap 400 ETF in the second quarter worth about $241,000. Finally, QCI Asset Management Inc. NY raised its stake in shares of SPDR S&P MidCap 400 ETF by 1.9% in the second quarter. QCI Asset Management Inc. NY now owns 24,148 shares of the exchange traded fund’s stock worth $7,670,000 after acquiring an additional 458 shares during the last quarter.

Shares of SPDR S&P MidCap 400 ETF (NYSE:MDY) traded down 0.10% during trading on Friday, hitting $330.59. 592,636 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $318.56 and its 200-day moving average price is $316.35. SPDR S&P MidCap 400 ETF has a 1-year low of $268.25 and a 1-year high of $331.46.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, September 18th will be paid a $1.4451 dividend. This is an increase from SPDR S&P MidCap 400 ETF’s previous quarterly dividend of $0.52. This represents a $5.78 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, September 15th.

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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.

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

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