Flagstar Advisors Inc. Raises Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Flagstar Advisors Inc. increased its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,121 shares of the exchange traded fund’s stock after purchasing an additional 306 shares during the period. Flagstar Advisors Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $2,855,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MDY. West Branch Capital LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 111.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 57 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 30 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the fourth quarter valued at about $44,000. Anchor Investment Management LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust during the fourth quarter worth about $51,000. Finally, Security National Bank purchased a new stake in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth about $51,000.

SPDR S&P MidCap 400 ETF Trust Stock Performance

NYSEARCA:MDY traded down $1.74 during mid-day trading on Wednesday, hitting $531.55. 564,435 shares of the company’s stock traded hands, compared to its average volume of 884,656. SPDR S&P MidCap 400 ETF Trust has a 1 year low of $424.22 and a 1 year high of $558.34. The company has a market cap of $21.01 billion, a PE ratio of 15.70 and a beta of 1.09. The firm’s 50 day simple moving average is $537.52 and its 200 day simple moving average is $525.23.

SPDR S&P MidCap 400 ETF Trust Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 21st will be paid a dividend of $1.9974 per share. The ex-dividend date is Friday, June 21st.

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.