Janney Capital Management LLC Reduces Position in SPDR S&P MidCap 400 ETF (MDY)

Janney Capital Management LLC cut its stake in SPDR S&P MidCap 400 ETF (NYSE:MDY) by 9.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 23,216 shares of the exchange traded fund’s stock after selling 2,476 shares during the period. Janney Capital Management LLC’s holdings in SPDR S&P MidCap 400 ETF were worth $7,373,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Osborne Partners Capital Management LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF by 82.2% in the second quarter. Osborne Partners Capital Management LLC now owns 1,416 shares of the exchange traded fund’s stock valued at $450,000 after buying an additional 639 shares in the last quarter. Eastern Bank boosted its stake in shares of SPDR S&P MidCap 400 ETF by 16.3% in the second quarter. Eastern Bank now owns 2,144 shares of the exchange traded fund’s stock valued at $681,000 after buying an additional 300 shares in the last quarter. Cue Financial Group Inc. boosted its stake in shares of SPDR S&P MidCap 400 ETF by 3.5% in the second quarter. Cue Financial Group Inc. now owns 4,464 shares of the exchange traded fund’s stock valued at $1,418,000 after buying an additional 150 shares in the last quarter. Bristlecone Advisors LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF by 4.9% in the second quarter. Bristlecone Advisors LLC now owns 8,954 shares of the exchange traded fund’s stock valued at $2,844,000 after buying an additional 415 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF by 9.2% in the second quarter. MCF Advisors LLC now owns 85,887 shares of the exchange traded fund’s stock valued at $27,280,000 after buying an additional 7,228 shares in the last quarter.

Shares of SPDR S&P MidCap 400 ETF (NYSE:MDY) opened at 308.38 on Friday. The firm’s 50-day moving average is $318.59 and its 200-day moving average is $314.95. SPDR S&P MidCap 400 ETF has a 12 month low of $268.25 and a 12 month high of $326.88.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Tuesday, June 20th were given a $0.5241 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, June 16th.

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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.