WP Advisors LLC Takes $199,000 Position in SPDR S&P MidCap 400 ETF Trust (MDY)

WP Advisors LLC purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the first quarter, HoldingsChannel.com reports. The firm purchased 577 shares of the exchange traded fund’s stock, valued at approximately $199,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Retirement Systems of Alabama raised its position in SPDR S&P MidCap 400 ETF Trust by 0.8% during the first quarter. Retirement Systems of Alabama now owns 52,786 shares of the exchange traded fund’s stock valued at $18,232,000 after purchasing an additional 437 shares in the last quarter. CAPROCK Group Inc. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 52.9% during the 1st quarter. CAPROCK Group Inc. now owns 1,407 shares of the exchange traded fund’s stock valued at $488,000 after purchasing an additional 487 shares during the period. Howard Capital Management Inc. increased its holdings in SPDR S&P MidCap 400 ETF Trust by 44.6% during the 1st quarter. Howard Capital Management Inc. now owns 48,517 shares of the exchange traded fund’s stock valued at $17,215,000 after purchasing an additional 14,973 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 1st quarter valued at about $823,000. Finally, Round Table Services LLC increased its holdings in SPDR S&P MidCap 400 ETF Trust by 1.9% during the 1st quarter. Round Table Services LLC now owns 14,347 shares of the exchange traded fund’s stock valued at $4,956,000 after purchasing an additional 273 shares during the period.

NYSEARCA:MDY traded down $0.66 during mid-day trading on Monday, reaching $357.29. 43,642 shares of the company’s stock traded hands, compared to its average volume of 1,141,802. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $284.45 and a 12-month high of $374.10.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 18th will be issued a dividend of $0.8844 per share. The ex-dividend date is Friday, March 15th. This represents a $3.54 dividend on an annualized basis and a yield of 0.99%.

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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.

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Want to see what other hedge funds are holding MDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY).

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

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