Adirondack Trust Co. reduced its position in SPDR S&P MidCap 400 ETF (NYSE:MDY) by 24.7% during the second quarter, Holdings Channel reports. The firm owned 18,391 shares of the exchange traded fund’s stock after selling 6,024 shares during the period. SPDR S&P MidCap 400 ETF makes up approximately 4.7% of Adirondack Trust Co.’s holdings, making the stock its 3rd largest position. Adirondack Trust Co.’s holdings in SPDR S&P MidCap 400 ETF were worth $5,842,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Barnett & Company Inc. bought a new position in shares of SPDR S&P MidCap 400 ETF during the second quarter worth $103,000. Sei Investments Co. raised its position in shares of SPDR S&P MidCap 400 ETF by 14.3% in the second 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. Endurance Wealth Management Inc. raised its position in shares of SPDR S&P MidCap 400 ETF by 6.1% in the second quarter. Endurance Wealth Management Inc. now owns 661 shares of the exchange traded fund’s stock worth $210,000 after buying an additional 38 shares in the last quarter. Beach Investment Management LLC. bought a new position in shares of SPDR S&P MidCap 400 ETF during the second quarter worth $226,000. Finally, Advisor Partners LLC raised its position in shares of SPDR S&P MidCap 400 ETF by 5.2% in the second quarter. Advisor Partners LLC now owns 751 shares of the exchange traded fund’s stock worth $239,000 after buying an additional 37 shares in the last quarter.

SPDR S&P MidCap 400 ETF (NYSE MDY) opened at 311.09 on Friday. The company’s 50 day moving average is $319.51 and its 200-day moving average is $314.76. SPDR S&P MidCap 400 ETF has a 12 month low of $268.25 and a 12 month high of $326.88.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th were issued a dividend of $0.5241 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, June 16th.

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About SPDR S&P MidCap 400 ETF

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

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