Financial Advocates Investment Management Takes Position in SPDR S&P MidCap 400 ETF (NYSEARCA:MDY)

Financial Advocates Investment Management acquired a new position in shares of SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,864 shares of the exchange traded fund’s stock, valued at approximately $2,371,000.

Other large investors also recently made changes to their positions in the company. Eldridge Investment Advisors Inc. acquired a new position in SPDR S&P MidCap 400 ETF in the fourth quarter valued at $2,656,000. American International Group Inc. acquired a new position in SPDR S&P MidCap 400 ETF in the fourth quarter valued at $6,590,000. Cornerstone Capital Management Holdings LLC. increased its stake in SPDR S&P MidCap 400 ETF by 35.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 66,049 shares of the exchange traded fund’s stock valued at $21,553,000 after purchasing an additional 17,379 shares during the period. Regents of The University of California acquired a new position in SPDR S&P MidCap 400 ETF in the third quarter valued at $1,827,000. Finally, Capital Analysts LLC increased its stake in SPDR S&P MidCap 400 ETF by 6,794.4% in the fourth quarter. Capital Analysts LLC now owns 4,964 shares of the exchange traded fund’s stock valued at $1,055,000 after purchasing an additional 4,892 shares during the period.

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NYSEARCA MDY traded down $6.72 during trading on Friday, reaching $337.03. The company’s stock had a trading volume of 1,444,079 shares, compared to its average volume of 1,357,839. SPDR S&P MidCap 400 ETF has a twelve month low of $305.45 and a twelve month high of $363.70.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, March 19th will be paid a $0.8614 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $3.45 dividend on an annualized basis and a yield of 1.02%.

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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 (NYSEARCA:MDY)

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