Chesley Taft & Associates LLC Boosts Stake in SPDR S&P MidCap 400 ETF Trust $MDY

Chesley Taft & Associates LLC lifted its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,568 shares of the exchange traded fund’s stock after purchasing an additional 1,080 shares during the quarter. Chesley Taft & Associates LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $8,789,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc grew its position in shares of 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 worth $3,614,000 after acquiring an additional 3,576 shares during the last quarter. NewEdge Wealth LLC raised its position in 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 valued at $1,190,000 after purchasing an additional 1,320 shares during the last quarter. First Horizon Corp acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth $6,724,000. HB Wealth Management LLC boosted its stake in 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 worth $3,061,000 after purchasing an additional 1,266 shares during the period. Finally, J.Safra Asset Management Corp purchased a new position in SPDR S&P MidCap 400 ETF Trust during the 3rd quarter worth $550,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

NYSEARCA MDY opened at $603.80 on Friday. The firm’s fifty day moving average is $636.17 and its two-hundred day moving average is $614.14. SPDR S&P MidCap 400 ETF Trust has a one year low of $458.82 and a one year high of $662.65. The firm has a market cap of $23.44 billion, a PE ratio of 18.98 and a beta of 1.06.

SPDR S&P MidCap 400 ETF Trust Cuts Dividend

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