SPDR S&P MidCap 400 ETF Trust (MDY) Shares Sold by Paulson Wealth Management Inc.

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Paulson Wealth Management Inc. reduced its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 81.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,197 shares of the exchange traded fund’s stock after selling 9,770 shares during the period. Paulson Wealth Management Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $716,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 83.9% in the 3rd quarter. Tortoise Investment Management LLC now owns 252 shares of the exchange traded fund’s stock worth $93,000 after acquiring an additional 115 shares in the last quarter. TRUE Private Wealth Advisors purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 3rd quarter worth about $110,000. Girard Partners LTD. purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 3rd quarter worth about $110,000. NEXT Financial Group Inc purchased a new stake in SPDR S&P MidCap 400 ETF Trust in the 3rd quarter worth about $115,000. Finally, Sound Income Strategies LLC lifted its stake in SPDR S&P MidCap 400 ETF Trust by 1,421.7% in the 3rd quarter. Sound Income Strategies LLC now owns 350 shares of the exchange traded fund’s stock worth $129,000 after acquiring an additional 327 shares in the last quarter.

SPDR S&P MidCap 400 ETF Trust stock traded down $0.95 during mid-day trading on Wednesday, hitting $324.73. The company’s stock had a trading volume of 152,768 shares, compared to its average volume of 1,356,673. SPDR S&P MidCap 400 ETF Trust has a 52-week low of $284.45 and a 52-week high of $374.10.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Monday, December 24th will be paid a $1.2678 dividend. This is an increase from SPDR S&P MidCap 400 ETF Trust’s previous quarterly dividend of $1.06. This represents a $5.07 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, December 21st.

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

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