Traders Buy SPDR S&P MidCap 400 ETF (MDY) on Weakness

Traders bought shares of SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) on weakness during trading hours on Friday. $142.39 million flowed into the stock on the tick-up and $95.07 million flowed out of the stock on the tick-down, for a money net flow of $47.32 million into the stock. Of all stocks tracked, SPDR S&P MidCap 400 ETF had the 4th highest net in-flow for the day. SPDR S&P MidCap 400 ETF traded down ($1.85) for the day and closed at $345.41

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th will be issued a dividend of $1.2987 per share. The ex-dividend date is Friday, December 15th. This represents a $5.19 annualized dividend and a yield of 1.50%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDY. Horan Capital Advisors LLC. purchased a new position in shares of SPDR S&P MidCap 400 ETF in the 3rd quarter valued at $102,000. Heritage Trust Co purchased a new position in shares of SPDR S&P MidCap 400 ETF in the 2nd quarter valued at $106,000. Monetary Management Group Inc. increased its holdings in shares of SPDR S&P MidCap 400 ETF by 5.6% in the 2nd quarter. Monetary Management Group Inc. now owns 375 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 20 shares during the period. Jackson Grant Investment Advisers Inc. increased its holdings in shares of SPDR S&P MidCap 400 ETF by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 388 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 1 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of SPDR S&P MidCap 400 ETF by 14.3% in the 2nd quarter. Sei Investments Co. now owns 465 shares of the exchange traded fund’s stock valued at $148,000 after acquiring an additional 58 shares during the period.

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SPDR S&P MidCap 400 ETF 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.

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