Train Babcock Advisors LLC purchased a new position in SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,190 shares of the exchange traded fund’s stock, valued at approximately $3,865,000. SPDR S&P MidCap 400 ETF accounts for about 1.7% of Train Babcock Advisors LLC’s portfolio, making the stock its 22nd biggest position.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Horan Capital Advisors LLC. bought a new position in SPDR S&P MidCap 400 ETF in the third quarter worth $102,000. Monetary Management Group Inc. increased its holdings in SPDR S&P MidCap 400 ETF by 5.6% in the 2nd quarter. Monetary Management Group Inc. now owns 375 shares of the exchange traded fund’s stock worth $119,000 after buying an additional 20 shares in the last quarter. Sei Investments Co. increased its holdings in SPDR S&P MidCap 400 ETF by 14.3% in the 2nd quarter. Sei Investments Co. now owns 465 shares of the exchange traded fund’s stock worth $148,000 after buying an additional 58 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in SPDR S&P MidCap 400 ETF in the 3rd quarter worth about $163,000. Finally, Iberiabank Corp bought a new stake in SPDR S&P MidCap 400 ETF in the 3rd quarter worth about $202,000.
Shares of SPDR S&P MidCap 400 ETF (MDY) opened at $355.54 on Friday. SPDR S&P MidCap 400 ETF has a twelve month low of $303.85 and a twelve month high of $363.70.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th were given a $1.2987 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $5.19 annualized dividend and a yield of 1.46%.
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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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