SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) is Adirondack Trust Co.’s 4th Largest Position

Adirondack Trust Co. lessened its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,039 shares of the exchange traded fund’s stock after selling 530 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up about 4.0% of Adirondack Trust Co.’s holdings, making the stock its 4th biggest holding. Adirondack Trust Co.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $5,653,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MDY. Weaver Consulting Group purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth approximately $27,000. Belvedere Advisors LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth approximately $40,000. Doyle Wealth Management purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth approximately $44,000. SRS Capital Advisors Inc. purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 2nd quarter worth approximately $50,000. Finally, Marino Stram & Associates LLC purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth approximately $53,000.

MDY stock remained flat at $$341.02 during midday trading on Wednesday. 796,209 shares of the company’s stock were exchanged, compared to its average volume of 1,082,204. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $284.45 and a 12 month high of $362.89. The company’s 50-day moving average price is $347.52 and its 200 day moving average price is $349.24.

The business also recently announced a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a $1.3726 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a yield of 1.3%.

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.

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Institutional Ownership by Quarter for SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

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