CIBC Bancorp USA Inc. Makes New $8.18 Million Investment in SPDR S&P MidCap 400 ETF Trust $MDY

CIBC Bancorp USA Inc. bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,716 shares of the exchange traded fund’s stock, valued at approximately $8,175,000.

Other large investors also recently made changes to their positions in the company. Atria Investments Inc raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 143.7% in the 3rd quarter. Atria Investments Inc now owns 6,064 shares of the exchange traded fund’s stock valued at $3,614,000 after acquiring an additional 3,576 shares in the last quarter. NewEdge Wealth LLC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 190.8% during the third quarter. NewEdge Wealth LLC now owns 2,012 shares of the exchange traded fund’s stock valued at $1,190,000 after purchasing an additional 1,320 shares during the last quarter. First Horizon Corp bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter valued at approximately $6,724,000. HB Wealth Management LLC lifted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 32.7% in the third quarter. HB Wealth Management LLC now owns 5,135 shares of the exchange traded fund’s stock worth $3,061,000 after buying an additional 1,266 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the third quarter worth $550,000.

SPDR S&P MidCap 400 ETF Trust Trading Down 2.5%

NYSEARCA MDY opened at $601.47 on Friday. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $458.82 and a 1 year high of $662.65. The company has a fifty day simple moving average of $638.38 and a 200 day simple moving average of $613.46. The company has a market cap of $23.35 billion, a P/E ratio of 18.98 and a beta of 1.06.

SPDR S&P MidCap 400 ETF Trust Cuts Dividend

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

SPDR S&P MidCap 400 ETF Trust 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.