Thrive Wealth Management LLC Has $10.97 Million Stake in SPDR S&P MidCap 400 ETF Trust $MDY

Thrive Wealth Management LLC trimmed its stake in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,185 shares of the exchange traded fund’s stock after selling 3,307 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up 1.6% of Thrive Wealth Management LLC’s investment portfolio, making the stock its 7th largest position. Thrive Wealth Management LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $10,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of MDY. Gridiron Partners LLC increased its stake in shares of SPDR S&P MidCap 400 ETF Trust by 9,558.7% in the third quarter. Gridiron Partners LLC now owns 305,602 shares of the exchange traded fund’s stock worth $1,886,000 after buying an additional 302,438 shares during the period. Moore Capital Management LP boosted its position in SPDR S&P MidCap 400 ETF Trust by 73.2% during the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after buying an additional 267,800 shares during the period. Corient Private Wealth LLC boosted its position in SPDR S&P MidCap 400 ETF Trust by 98.3% during the 2nd quarter. Corient Private Wealth LLC now owns 484,834 shares of the exchange traded fund’s stock valued at $274,651,000 after buying an additional 240,356 shares during the period. Cornerstone Planning Group LLC grew its holdings in SPDR S&P MidCap 400 ETF Trust by 564,003.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 186,154 shares of the exchange traded fund’s stock worth $110,953,000 after acquiring an additional 186,121 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 28.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 788,274 shares of the exchange traded fund’s stock valued at $469,835,000 after acquiring an additional 175,255 shares during the period.

SPDR S&P MidCap 400 ETF Trust Trading Up 0.8%

Shares of NYSEARCA:MDY opened at $617.79 on Wednesday. The company has a market cap of $23.98 billion, a price-to-earnings ratio of 18.98 and a beta of 1.06. The company has a 50-day moving average price of $637.67 and a 200-day moving average price of $613.96. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $458.82 and a 12 month high of $662.65.

SPDR S&P MidCap 400 ETF Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, March 20th will be issued a dividend of $1.5163 per share. This represents a $6.07 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, March 20th.

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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.