Wealth Enhancement Advisory Services LLC Acquires 1,326 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

Wealth Enhancement Advisory Services LLC grew its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,951 shares of the exchange traded fund’s stock after purchasing an additional 1,326 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $54,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NorthCrest Asset Manangement LLC raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 2.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 7,476 shares of the exchange traded fund’s stock valued at $4,630,000 after purchasing an additional 211 shares during the period. Genesis Private Wealth LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at $405,000. Occidental Asset Management LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $201,000. Impact Capital Partners LLC grew its position in shares of SPDR S&P MidCap 400 ETF Trust by 67.5% during the 4th quarter. Impact Capital Partners LLC now owns 1,345 shares of the exchange traded fund’s stock worth $811,000 after purchasing an additional 542 shares in the last quarter. Finally, Crescent Sterling Ltd. grew its position in SPDR S&P MidCap 400 ETF Trust by 4.6% during the fourth quarter. Crescent Sterling Ltd. now owns 4,964 shares of the exchange traded fund’s stock worth $2,995,000 after buying an additional 219 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of NYSEARCA MDY opened at $601.47 on Monday. The stock’s fifty day moving average is $638.38 and its 200 day moving average is $613.76. The stock has a market capitalization of $23.35 billion, a P/E ratio of 18.98 and a beta of 1.06. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $458.82 and a 52 week high of $662.65.

SPDR S&P MidCap 400 ETF Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 20th will be given a $1.5163 dividend. The ex-dividend date is Friday, March 20th. This represents a $6.07 annualized dividend and a yield of 1.0%.

SPDR S&P MidCap 400 ETF Trust 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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.