SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) is Exchange Capital Management Inc.’s 10th Largest Position

Exchange Capital Management Inc. cut its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,845 shares of the exchange traded fund’s stock after selling 307 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up about 2.0% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Exchange Capital Management Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $12,155,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Osborne Partners Capital Management LLC lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.9% during the fourth quarter. Osborne Partners Capital Management LLC now owns 2,292 shares of the exchange traded fund’s stock valued at $1,163,000 after buying an additional 20 shares during the last quarter. CX Institutional lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.8% during the fourth quarter. CX Institutional now owns 2,493 shares of the exchange traded fund’s stock valued at $1,265,000 after buying an additional 21 shares during the last quarter. Warner Financial Inc. lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 1.0% during the fourth quarter. Warner Financial Inc. now owns 2,182 shares of the exchange traded fund’s stock valued at $1,107,000 after buying an additional 21 shares during the last quarter. Lowe Wealth Advisors LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 0.6% during the fourth quarter. Lowe Wealth Advisors LLC now owns 3,832 shares of the exchange traded fund’s stock valued at $1,944,000 after acquiring an additional 23 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 4.6% during the fourth quarter. Heartwood Wealth Advisors LLC now owns 661 shares of the exchange traded fund’s stock valued at $335,000 after acquiring an additional 29 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Up 0.3 %

Shares of MDY traded up $1.60 during mid-day trading on Tuesday, hitting $531.25. 533,047 shares of the company traded hands, compared to its average volume of 885,704. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $424.22 and a 1-year high of $558.34. The company has a market capitalization of $21.00 billion, a PE ratio of 15.70 and a beta of 1.09. The business has a 50 day moving average of $538.47 and a 200 day moving average of $526.19.

SPDR S&P MidCap 400 ETF Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 21st will be given a dividend of $1.9974 per share. The ex-dividend date of this dividend is Friday, June 21st.

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.