Founders Financial Securities LLC Has $1.44 Million Holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Founders Financial Securities LLC cut its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 18.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,590 shares of the exchange traded fund’s stock after selling 568 shares during the period. Founders Financial Securities LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $1,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fox Hill Wealth Management acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 1st quarter valued at $201,000. Private Ocean LLC increased its holdings in SPDR S&P MidCap 400 ETF Trust by 3.4% during the 1st quarter. Private Ocean LLC now owns 1,119 shares of the exchange traded fund’s stock valued at $622,000 after purchasing an additional 37 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in SPDR S&P MidCap 400 ETF Trust by 68.2% during the 1st quarter. Toth Financial Advisory Corp now owns 74 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares in the last quarter. Trifecta Capital Advisors LLC increased its holdings in SPDR S&P MidCap 400 ETF Trust by 1.0% during the 1st quarter. Trifecta Capital Advisors LLC now owns 20,928 shares of the exchange traded fund’s stock valued at $11,644,000 after purchasing an additional 198 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in SPDR S&P MidCap 400 ETF Trust during the 1st quarter valued at $52,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of NYSEARCA MDY traded up $1.51 during midday trading on Friday, hitting $535.08. The stock had a trading volume of 901,193 shares, compared to its average volume of 883,160. The company’s 50-day simple moving average is $538.47 and its 200 day simple moving average is $525.98. The firm has a market cap of $21.15 billion, a P/E ratio of 15.70 and a beta of 1.09. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $424.22 and a fifty-two week high of $558.34.

SPDR S&P MidCap 400 ETF Trust Announces Dividend

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

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.