Gridiron Partners LLC Sells 302,438 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

Gridiron Partners LLC reduced its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 99.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,164 shares of the exchange traded fund’s stock after selling 302,438 shares during the quarter. SPDR S&P MidCap 400 ETF Trust comprises approximately 1.1% of Gridiron Partners LLC’s holdings, making the stock its 15th largest holding. Gridiron Partners LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDY. Atria Investments Inc lifted its position in SPDR S&P MidCap 400 ETF Trust by 143.7% during the third quarter. Atria Investments Inc now owns 6,064 shares of the exchange traded fund’s stock valued at $3,614,000 after purchasing an additional 3,576 shares during the last quarter. NewEdge Wealth LLC increased its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 190.8% in the 3rd quarter. NewEdge Wealth LLC now owns 2,012 shares of the exchange traded fund’s stock worth $1,190,000 after buying an additional 1,320 shares during the last quarter. First Horizon Corp bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 3rd quarter worth about $6,724,000. HB Wealth Management LLC raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 32.7% during the 3rd quarter. HB Wealth Management LLC now owns 5,135 shares of the exchange traded fund’s stock valued at $3,061,000 after buying an additional 1,266 shares in the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the 3rd quarter valued at about $550,000.

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

Shares of NYSEARCA:MDY opened at $601.47 on Friday. The company has a market cap of $23.35 billion, a price-to-earnings ratio of 18.98 and a beta of 1.06. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $458.82 and a 12 month high of $662.65. The company has a 50-day moving average price of $638.38 and a 200 day moving average price of $613.61.

SPDR S&P MidCap 400 ETF Trust Cuts Dividend

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

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.